SACE BT is the Italian company specialized in short-term Credit Insurance, surety bonds and Construction risks (C.A.R/E.A.R./ Decennial Liability cover on buildings) operating all over the national territory. With a total of gross written premiums in excess of EUR 94 mln and shareholders’ equity of EUR 70 mln at end-2019, SACE BT ranks respectively 4th and 7th by premiums in the Italian Credit Insurance and surety markets. It is a wholly owned subsidiary of SACE S.p.A., Italy’s Export Credit Agency, providing credit insurance, investment protection and contractual guarantees to cover political and commercial risk.
SACE BT’s mission is to develop leading solutions for the insurance, financial and risk management needs of Italian SMEs, both for their domestic and export business.
As for credit insurance SACE BT provides Italian small and medium-size enterprises with strong protection against customers’ non-payment risk on short term trade transactions, up to 24 months. With respect to bonding and construction risks, SACE BT offers tailored solutions to ensure due performance to contractual or legal obligations and insurance coverage against construction risks and civil work execution.
SACE BT started its activity in 2004 in the Short Term Credit Insurance business, and in 2008 it acquired the full ownership of Assicuratrice Edile (subsequently merged), which was specialized in surety bonds and construction risks.
Thanks to its strong governance and technical basis, in 2018 IVASS (the Italian insurance regulatory authority) approved SACE BT’s Internal Model for the calculation of its Solvency II capital requirement.
Highlights in 2018/2019
SACE BT performance in 2018/2019 has been characterized by steady growth and positive technical results, despite a worsening economic environment
Board of Directors
• Chairman Mr Luca Caviglia
• Mrs Esedra Chiacchiella
• Mr Francesco Di Ciommo
• Mrs Chiara Maruccio
• Mr Andrea Nuzzi
• Mrs Teresa Rubino
• Mr Marco Traditi
• Mr Valerio Perinelli – General Manager
• Mr Roberto Prageldi – Head of Risks and Claims Department
• Mr Enrico Sinno – CFO
• Mr Roberto Allara – Head of Direct Distribution
• Mr Valerio Coari – Head of Administration Department
• Mr Alessandro Calamea – Head of Business Unit Surety
• Mr Paolo Dalmagioni – Head of Business Unit Engineering and Other lines
• Mr. Federico Maitino – Head of Business Unit Credit Insurance
Piazza Poli, 42
00187 Rome, Italy
Phone +39 06 697697 1
Fax +39 06 697697 725
Enrico Sinno: email@example.com
Emanuele Corradino: firstname.lastname@example.org