Nordic Guarantee

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.

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

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

• Surety guarantees
• Contract bonds
• Performance bonds
• Renewable energy guarantees
• Customs bonds

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. Guarantee Issuance Fees: Fees charged for issuing various types of guarantees including rental, performance, customs, renewable energy, and PSD2 guarantees.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core 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

Named customers1 record

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• AutoProtectcoreChannel Partner/ Reseller/ Distributor · 19 January 2021Nordic 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 AlliancecoreStrategic or Co-development Partner · 7 May 2020Nordic 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 SrlcoreChannel Partner/ Reseller/ DistributorCW 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

Direct 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

• Facebookfacebook.com/NordicGuarantee
• LinkedInlinkedin.com/company/nordic-guarantee-sweden

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Guarantee