ACE Risk Management Services LTD.

ACE Risk Management Services LTD., a for-profit entity headquartered in Seoul, South Korea, provides vehicle insurance services to the U.S. Department of State as a prime contractor operating on full-and-open purchase orders without set-aside designation. The vendor operates exclusively as a prime (100% of awards) and holds no subcontract relationships in federal work.

The vendor's federal footprint is narrow and geographically focused. ACE Risk Management Services serves two distinct customer agencies, but the Department of State's Bureau of East Asian and Pacific Affairs accounts for 11 of 12 total awards (91% by count, 99% by combined potential value of $391 thousand). A single $4 thousand award to the Department of Defense completes the customer roster. The vendor's work is confined to vehicle insurance procurement — classified under NAICS 488410 (Insurance Agencies and Brokerages) and PSC Social-Government Insurance Programs. Performance occurs in South Korea, supporting U.S. diplomatic operations and vehicle fleet coverage in the East Asian and Pacific region.

ACE Risk Management Services demonstrates a consistent annual renewal pattern with the Department of State. Annual purchase orders have been awarded since at least 2021, with award dates clustering in March and completion dates near April 1st. Recent representative awards include a $24,739.42 firm fixed-price purchase order issued March 17, 2026 (ultimate completion April 1, 2027), a $35,173.24 purchase order from March 14, 2025, and a $37,843.72 purchase order from March 19, 2024. These contract values range between approximately $25,000 and $40,000 annually, suggesting a stable, recurring requirement rather than growth trajectory or competitive volatility.

Activity levels remain flat across the past five years (one award in 2021, one in 2022, two in 2024, one in 2025, one in 2026). One award carrying combined potential value of $25 thousand reaches ultimate completion inside the next twenty-four months and faces recompete. The vendor carries no parent vehicles, IDVs, GWACs, or BPAs in the source data; all work flows through individual purchase orders issued directly by the State Department's Bureau.