ACE was founded in 1952 by a Saudi Business man in Al-Khobar, Saudi Arabia as a General Trading Company with an Insurance Agency. In subsequent years ACE became a representative to several international insurance companies that wanted to have presence in the kingdom of Saudi Arabia.In 1974 ACE formed a partnership with the Sedgwick’s group. This greatly enhanced ACE’s capabilities and gave it greater access to the international markets ACE continued to expand into new territories; ACE Qatar was established in 1974