Nordic Guarantee
Nordic Guarantee is a Stockholm-headquartered surety guarantee specialist, licensed by Finansinspektionen under Solvency II, issuing performance, payment, rental, customs, renewable energy, mining, and PSD2 bonds to ~3,500 commercial clients across the Nordics, Spain, and select EU markets via direct offices and intermediaries.
- Company typePrivate
- Founded1994
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Nordic Guarantee does
Nordic Guarantee (Nordic Guarantee Försäkringsaktiebolag) is a Stockholm-headquartered, Finansinspektionen-licensed surety guarantee specialist, operating as a subsidiary of Cert Holdings Limited (Cert Group). The company issues bonds that deliver the same contractual protection as traditional bank guarantees but release clients' working capital and bank credit lines. Its product portfolio spans rental, performance, payment, advance payment, bid, maintenance, customs, concession, and combined construction bonds, alongside specialized long-tenor products for renewable energy (PPA, grid/auction, decommissioning, O&M, rental), mining rehabilitation, environmental, and PSD2 regulatory licensing for payment service providers. Underwriting is delivered through direct sales offices in Sweden, Norway, Finland, Denmark, and Spain, an authorised intermediary network across the EU/EEA, and strategic partners CW Insurance Italia (Italy) and AutoProtect (Ireland); customers transact through the FastTrack digital portal for quotes and policy management, while policy authenticity is reinforced by blockchain-based verification (link, PEC email, QR code) particularly in Italian operations.
The business model is structured around premium income from issued guarantees, classified as a subscription-style recurring stream (multi-year contracts) supplemented by one-time issuance fees. The company is supervised under insurance classes 9, 14, 15 and 16 and complies with Solvency II, with a large portion of risk ceded to A-rated reinsurers led by Lombard Insurance Company, whose joint assets of SEK 3.7 trillion provide maximum beneficiary security. Pricing is quote-based, depends on guarantee type, tenor, counterparty credit, and contract value, and is not publicly disclosed. The 2025 financial profile shows premium income of SEK 404 million, an annual result of SEK 26.3 million, and equity of SEK 441.3 million, serving approximately 3,500 clients with SEK 39 billion in total guarantees in issue.
Nordic Guarantee is positioned as one of the largest independent contract guarantee issuers in the Nordics, with recent strategic moves emphasizing internationalization (Insurety International Surety Alliance, Ireland expansion), regulatory-driven product extension (PSD2), and energy transition (Renewable Energy Guarantees). Its 2025 integration into Cert Group unifies it with sister licenses across Africa, Australia, Europe, and the UK while preserving the Nordic Guarantee brand, team, and operating model. Technology investment centers on the FastTrack portal for digital distribution and blockchain for policy verification, but there is no evidence of proprietary AI/ML underwriting or risk modeling capability in the source data.
Nordic Guarantee firmographics
Firmographics- Name
- Nordic Guarantee
- Legal name
- Nordic Guarantee Försäkringsaktiebolag
- Website
- https://nordicguarantee.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Nordic Guarantee is a Stockholm-headquartered surety guarantee specialist, licensed by Finansinspektionen under Solvency II, issuing performance, payment, rental, customs, renewable energy, mining, and PSD2 bonds to ~3,500 commercial clients across the Nordics, Spain, and select EU markets via direct offices and intermediaries.
- Ownership category
- akta.pro rank
Nordic Guarantee industry classification
Industry- Product category
- Surety Insurance
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Surety Insurance (6351), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Surety & Credit Reinsurance (FSAOADAD)
- akta.pro secondary industry
- Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD)
Keywords
Where Nordic Guarantee is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices6 records
Markets served
Nordic Guarantee business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Guarantee Premium Income: Nordic Guarantee generates revenue through premiums paid for issued guarantees. The company is licensed under insurance classes 9, 14, 15 and 16, and reported premium income of SEK 404 million in 2025.
- Guarantee Issuance Fees: Fees charged for issuing various types of guarantees including rental, performance, customs, renewable energy, and PSD2 guarantees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based guarantee pricing tailored to client needs |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Nordic Guarantee product offering
Product offeringCore offering
Nordic Guarantee is a specialist surety guarantee provider that issues bank-substitute contract guarantees for businesses across the Nordics, Spain, and Italy. Its portfolio includes rental guarantees, performance bonds, payment bonds, advance payment bonds, bid guarantees, maintenance bonds, combined construction bonds, customs bonds, PSD2 guarantees, and long-term renewable energy and mining rehabilitation guarantees. Guarantees are distributed through direct offices in five countries, authorised intermediaries, and the FastTrack digital portal, and are backed by A-rated reinsurers.
Product overview
Nordic Guarantee is a specialist guarantee/surety bond provider offering a comprehensive portfolio of guarantee products. The company's core offering consists of surety bonds and guarantees including Rental Guarantees, Performance Bonds, Payment Bonds, Advance Payment Bonds, Bid Guarantees, Maintenance Bonds, Combined Construction Bonds, Customs Bonds, and Renewable Energy Bonds. The company also offers specialized sector-specific guarantees such as Concession Guarantees, Grid Connection & Auction Guarantees, Power Purchase Agreement (PPA) Guarantees, Decommissioning Guarantees, Operation and Maintenance Guarantees, Environmental Guarantees, and Mining Rehabilitation Guarantees. Nordic Guarantee has also developed a PSD2 Guarantee product for payment service providers. The company operates through its FastTrack online portal for customer transactions and is part of the Cert. Group global insurance organization. The product portfolio serves the Nordic countries (Sweden, Denmark, Finland, Norway), Spain, and Italy through local offices.
Differentiator
Problem solved
Functional benefit
Products and services
- Rental Guarantee
Quantifiable outcome
- Improves liquidity without compromising existing bank credit facilities
- +1 more outcomes
Companies that use Nordic Guarantee
Customer profileNamed customers1 record
Segments6 records
Ideal customer profiles6 records
Nordic Guarantee technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Nordic Guarantee partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- AutoProtectcoreNordic Guarantee became the insurer for all AutoProtect business in Ireland. AutoProtect, through their intermediary in Poland, acts as an agent for Nordic Guarantee. AutoProtect Group provides insurance products and dealer warranties to vehicle manufacturers and retailers throughout the UK and Europe.
- Insurety International Surety AlliancecoreNordic Guarantee, Assetinsure, and Lombard Insurance launched the Insurety International Surety Alliance. Nordic Guy's CEO Donny Gouveia became CEO of the alliance, responsible for developing the global strategy. The alliance unites Nordic Guarantee (Nordic Countries), Lombard Insurance (South Africa), and Assetinsure (Australia).
- CW Insurance Italia SrlcoreCW Insurance Italia Srl is the trusted partner distributing Nordic Guarantee products in Italy. They are part of the Credeq group, a leading broker in guarantees and credit in many countries worldwide. Their website is https://cwitaly.it/.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Nordic Guarantee competitors and assessment
Company assessmentDirect peers
- Tokio Marine HCC Surety: U.S.-based specialty surety platform within Tokio Marine Group. Comparable to Nordic Guarantee as a focused commercial surety underwriter with similar product portfolio across contract, court and license bonds.
- Lombard Insurance Company: South African surety specialist and Nordic Guarantee's reinsurance partner and co-founder of the Insurety International Surety Alliance. Directly comparable as a surety-focused underwriting platform with similar guarantee product portfolios and shared institutional history under Cert. Group.
- Coface: Major global trade credit and surety insurer headquartered in France. Comparable to Nordic Guarantee in core surety and credit underwriting activities across Europe, with similar product diversification into specialty commercial guarantees.
- Atradius: Netherlands-based global trade credit and surety insurer owned by Grupo Catalana Occidente. Offers directly comparable contract surety, payment bonds and commercial guarantee solutions, with strong presence across European Nordic-adjacent markets.
- Euler Hermes (Allianz Trade): World's largest trade credit and surety insurance provider, operating under Allianz. Directly comparable to Nordic Guarantee as a pure-play surety/credit insurer with global reinsurance backing and similar underwriting of performance bonds, payment bonds and contractual guarantees.
- Assetinsure: Australian surety specialist and Insurety International Surety Alliance co-founder with Nordic Guarantee. Operates a directly comparable specialty surety model including performance bonds, advance payment bonds and statutory guarantees, now part of Cert. Group.
Broad incumbents
- Liberty Mutual Surety: Major U.S. surety operation within one of the world's largest property-casualty insurers. Overlaps with Nordic Guarantee in contract and commercial surety underwriting but operates as part of a wider personal/commercial insurance portfolio.
- Tryg: Largest Nordic generalist insurer with broad property/casualty offerings. Operates in the same geographic core as Nordic Guarantee and offers some surety-adjacent products, but lacks Nordic Guarantee's specialized guarantee-only focus.
- Travelers (Bond & Financial Products): Largest U.S. surety writer with significant contract and commercial surety franchise. Comparable to Nordic Guarantee in underwriting contract bonds, but operates broadly across property/casualty lines and lacks Nordic specialization.
- If P&C Insurance (Sampo Group): Largest Nordic property/casualty insurer, part of Sampo Group. Headquartered in the same region as Nordic Guarantee with overlapping SME and corporate client bases, though operates as a broad generalist rather than a surety specialist.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Nordic Guarantee social profiles
Digital presenceNordic Guarantee compliance and trust
Trust signalCompliance4 records
Nordic Guarantee financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nordic Guarantee leadership team
Management profileNumber of profiles
Profiles10 records
Nordic Guarantee funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nordic Guarantee M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nordic Guarantee
What does Nordic Guarantee do?
Nordic Guarantee is a specialist surety guarantee provider that issues bank-substitute contract guarantees for businesses across the Nordics, Spain, and Italy. Its portfolio includes rental guarantees, performance bonds, payment bonds, advance payment bonds, bid guarantees, maintenance bonds, combined construction bonds, customs bonds, PSD2 guarantees, and long-term renewable energy and mining rehabilitation guarantees. Guarantees are distributed through direct offices in five countries, authorised intermediaries, and the FastTrack digital portal, and are backed by A-rated reinsurers.
Is Nordic Guarantee a public or private company?
Nordic Guarantee is a private company. It is classified as corporate owned and is currently operating.
When was Nordic Guarantee founded?
Nordic Guarantee was founded in 1994. It employs 11 to 50 people.
Where is Nordic Guarantee based?
Nordic Guarantee is headquartered in Stockholm, Sweden, in the Europe region.
How does Nordic Guarantee make money?
Two revenue lines are on record. Guarantee Premium Income is the primary driver. The others are guarantee Issuance Fees.
Who are Nordic Guarantee's main competitors?
Direct peers on record are Tokio Marine HCC Surety, Lombard Insurance Company, Coface, Atradius, Euler Hermes (Allianz Trade) and Assetinsure. Broad incumbents are Liberty Mutual Surety, Tryg, Travelers (Bond & Financial Products) and If P&C Insurance (Sampo Group).
Does Nordic Guarantee have an API?
No public API is recorded for Nordic Guarantee.
What industry is Nordic Guarantee in?
Nordic Guarantee's product category is Surety Insurance. Its primary akta.pro industry code is FSAOADAD, Surety & Credit Reinsurance, with a secondary code of FSAOAFAD, Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk). Its NAICS code is 5242 and its SIC code is 6351.