• 1977 - establishment of ''Sezione speciale per l'Assicurazione del Credito all'Esportazione - SACE'' as
public entity under the surveillance of the
Italian Ministry of the Treasury • 1990 - establishment of ''Società Italiana per le Imprese Miste all'Estero - SIMEST'' as public entity under the surveillance of the Italian
Ministry of Foreign Trade • 1998 - ''Sezione speciale per l'Assicurazione del Credito all'Esportazione - SACE
was transformed into Istituto per i Servizi Assicurativi del Commercio Estero - SACE'' as an entity with
legal personality under
public law, under the supervision of the
Ministry of the Treasury, Budget and Economic Planning • 2004 - SACE is transformed into a
joint-stock company, whose capital is
wholly-owned by
Ministry of Economy and Finance and enters the short-term
credit insurance market • 2005 - SACE enters the
surety market • 2010 - SACE enters the
factoring market • 2012 - SACE is
acquired by Cassa Depositi e Prestiti • 2016 - SACE and SIMEST constitute a hub for exports and internationalization with their
One-door initiative • 2017 - establishment of
SACE SIMEST • 2022 - In March 2022, the "SACE Decree" (Decree Law n. 23/2020) defined the reorganization of the SACE Group, under which SACE transferred its stake in SIMEST to
Cassa Depositi e Prestiti and the latter transferred its 100% stake in SACE to the
Ministry of Economy and Finance. ==Activity==