Credeq

What Credeq does

Credeq is a global credit risk insurance specialist headquartered in London (Credeq UK Holdings Limited, registered in England and Wales, company number 15897245), operating across the United Kingdom, South Africa, Australia, Sweden and broader Europe, and India. The group was unified under the Credeq brand in 2025, consolidating over 35 years of specialist credit insurance heritage previously distributed across the Insurety Alliance partners — Lombard Insurance Company Limited (founded 1990 in South Africa, FSP 1596), Assetinsure (Australia, acquired 2019), and Nordic Guarantee (Nordics, acquired 2016). Credeq serves contractors, subcontractors, employers, brokers, financiers, banks, and non-bank finance providers across multiple sectors including construction, energy, mining, fuel, and logistics.

Credeq's product portfolio centres on four core lines: Guarantees & Surety (performance, advance payment, retention, and bid/tender guarantees), Trade Credit (debtor book protection for domestic and export markets), Credit Risk Insurance (non-payment cover for banks and non-bank finance providers on complex global transactions), and Construction Warranty Insurance (Australia-specific). Underwriting capacity is sourced through partnerships with Lombard Insurance, Assetinsure, and Nordic Guarantee, supported by international reinsurer strength. A proprietary AI Risk platform — custom-built and described as unifying underwriting operations across teams and regions with API integration into external data sources — is positioned as a fourth core product and serves as the technology backbone for data ingestion, underwriting, portfolio insights, and capital management. Distribution is exclusively sales-led and relationship-based, with regional teams in South Africa, Australia, and Europe, supplemented by two digital client portals (Guarantee Gateway and Trade Credit Gateway).

Revenue mechanics are driven by gross written premiums, with the group reporting £176 million in GWP for 2024 spanning over 8 countries. Customer acquisition flows through direct sales outreach and broker referrals rather than self-serve channels, with pricing structured bespoke to each facility based on risk profile, sector, contract value, and employer-specific wording requirements. Competitive positioning rests on offering alternatives to 100% cash collateral (preserving contractor liquidity), faster turnaround aligned to tender deadlines, and employer-specified wording compliance. The customer-facing value proposition is delivered through licensed and regulated entities in each operating jurisdiction, including FSP 54862 in South Africa, ARBN 683 412 955 in Australia, and an authorised insurance distribution licence for Credeq Europe AB in Sweden.

Name

Credeq

Legal name

Credeq UK Holdings Limited

Website

https://credeq.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Credeq is a London-headquartered global credit risk insurance specialist providing guarantees, surety, trade credit, and credit risk insurance to contractors, employers, banks, and lenders across Africa, Australia, Europe, and India, backed by Lombard Insurance, Assetinsure, and Nordic Guarantee capacity.

Ownership category

akta.pro rank

Product category

Credit Insurance

NAICS

Other Activities Related to Credit Intermediation (522390), Credit Intermediation and Related Activities (522), Other Activities Related to Credit Intermediation (52239)

SIC

Miscellaneous Business Credit Institution (6159), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Mortgage Reinsurance & Risk Sharing (Quota Share/Excess of Loss/CRT) (FSALAJAD)

akta.pro secondary industries

Mezzanine Debt & Preferred Equity (CRE Capital Stack) (FSALADAI), Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Credit risk insurance
• Surety bonds
• Trade credit cover
• Construction guarantees
• Guarantee solutions

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Guarantees & Surety: Specialist surety and commercial bond guarantees issued primarily via Lombard Insurance and other capacity providers. Covers performance guarantees, advance payment guarantees, retention guarantees, and bid/tender guarantees across construction, energy, mining, fuel, and logistics sectors in Europe, Africa, India, and Australia.
2. Trade Credit: Credit guarantee solutions protecting domestic and export markets against non-payment, insolvency, and protracted default. Helps manage credit risk within structured corporate governance frameworks across a range of industries in Africa.
3. Credit Risk Insurance: Specialist non-payment insurance provided to banks and non-bank finance lenders for big transactions and complex global deals, backed by international capacity and reinsurer strength. Offered in Europe.
4. Construction Warranty Insurance: Builder warranty insurance offered in Australia, providing speed, certainty, and transparency for construction projects with approvals in weeks and scalable limits.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Credeq provides credit risk insurance, trade credit cover, and guarantee solutions for businesses and financial institutions. Its portfolio includes surety and commercial bond guarantees (performance, advance payment, retention, bid/tender), credit risk insurance for banks and non-bank finance lenders, trade credit cover for domestic and export markets, construction warranty insurance in Australia, and sector-specific guarantees spanning construction, energy, mining, fuel, and logistics. Products are issued via Lombard Insurance, assetinsure, and Nordic Guarantee capacity providers and supported by an AI Risk underwriting platform.

Product overview

Credeq is a global credit risk insurance provider offering a unified portfolio of financial risk solutions. The core offering consists of Guarantees & Surety (specialty surety bonds across multiple sectors including construction, energy, mining, fuel, and logistics), Trade Credit (debtor book protection for domestic and export markets), Credit Risk Insurance (non-payment cover for banks and finance providers), and AI Risk (a proprietary technology platform for underwriting support and portfolio management). In Australia specifically, Credeq offers Construction Warranty Insurance for builders. These products are supported by digital platforms (Guarantee Gateway and Trade Credit Gateway) and backed by partnerships with Lombard Insurance, Assetinsure, and Nordic Guarantee. The company operates across Africa, Australia, Europe, and India.

Differentiator

Problem solved

Functional benefit

Products and services

• Guarantees & Surety Specialist surety and commercial bond guarantees covering performance guarantees, advance payment guarantees, retention guarantees, and bid/tender guarantees across construction, energy, mining, fuel, and logistics sectors in Europe, Africa, India, and Australia, issued primarily via Lombard Insurance and other capacity providers.
• Trade Credit Credit guarantee solutions supporting both domestic and export markets, helping businesses manage credit risk within structured corporate governance frameworks across a range of industries in Africa.
• Credit Risk Insurance Specialist non-payment insurance provided to banks and non-bank finance lenders for large transactions and complex global deals, backed by international capacity and reinsurer strength, offered in Europe.
• AI Risk Platform Advanced custom-built technology platform designed to support underwriters and capacity providers by unifying operations across teams and regions, with smooth API integration into external tools and data sources. Enables faster data ingestion, smarter underwriting, real-time portfolio insights, capital management, and configurable tools.
• Construction Warranty Insurance Builder warranty insurance offered in Australia, providing speed, certainty, and transparency for construction projects with approvals in weeks, scalable limits, and direct access to underwriters.
• Construction Guarantees Performance guarantees, advance payment guarantees, retention guarantees, and bid/tender guarantees for contractors across Sub-Saharan Africa, covering housing, roads, power plants, and major infrastructure projects.
• Energy Guarantees Guarantee solutions tailored for the energy sector across Africa.
• Mining Guarantees Guarantee solutions tailored for the mining sector across Africa.
• Fuel Guarantees Guarantee solutions tailored for the fuel sector across Africa.
• Logistics Guarantees Guarantee solutions tailored for the logistics sector across Africa.
• Specialist Guarantees Specialised guarantee solutions for unique or complex requirements across Africa.
• Guarantee Gateway Online portal for existing clients to access and manage their guarantee facilities globally.
• Trade Credit Gateway Dedicated online gateway for trade credit clients to manage their credit insurance and guarantee portfolios.

Quantifiable outcome

• Guarantee approvals issued via Lombard Insurance, widely recognised on public and private projects across Africa.
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Nordic GuaranteecoreStrategic or Co-development Partner · 1 January 2016Nordic Guarantee is a Nordic specialist surety provider. A partnership was established in 2019; Credeq acquired Nordic Guarantee in 2016. Nordic operations form part of Credeq's European footprint.
• AssetinsurecoreStrategic or Co-development Partner · 1 January 2009Assetinsure is a specialist surety, commercial bonds, and credit risk insurance provider in Australia. A partnership was established in 2009; Credeq acquired assetinsure in 2019. Assetinsure forms part of Credeq's Australia and broader international capacity structure.
• Lombard Insurance Company LimitedcoreStrategic or Co-development Partner · 1 January 1990Founded in 1990 as a specialist guarantee and surety provider in South Africa, Lombard was acquired by its current shareholders in 2003 and has remained a core capacity provider for Credeq's African operations. Credeq Africa (Pty) Ltd issues guarantees via Lombard, which is widely recognised on public and private projects across Africa. Lombard Insurance is an Authorised Financial Services Provider (FSP 1596).
• Insurety AlliancecoreStrategic or Co-development PartnerThe Insurety Alliance was formed between Lombard, assetinsure, and Nordic Guarantee to combine global reach with local excellence. This alliance was the precursor to the unified Credeq brand launched in 2025, unifying core underwriting operations and product portfolios across key markets.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Others

• AmTrust Financial Services: Specialty insurance carrier focused on small commercial, surety, and warranty products. Adjacent to Credeq's specialty insurance focus, particularly in construction warranty and small commercial surety.

Direct peers

• Atradius: Leading credit insurance, surety, and collections company operating globally. Directly competes with Credeq in trade credit and commercial bond underwriting, including construction and infrastructure sectors.
• Tokio Marine HCC: Specialty insurance group with significant surety and credit insurance operations. Comparable to Credeq in providing specialty bonds and credit-related insurance products.
• Coface: Major global credit insurer offering trade credit management, surety bonds, and credit insurance. Closely comparable to Credeq's trade credit and guarantee products across multiple geographies.
• Euler Hermes (Allianz Trade): The world's largest trade credit insurer, part of Allianz Group. Directly comparable to Credeq's trade credit and credit risk insurance lines, offering non-payment cover for businesses and banks globally.
• Travelers Surety: One of the largest surety providers in the US market, offering contract and commercial surety bonds. Comparable to Credeq's specialist construction and infrastructure guarantee offerings.
• Liberty Mutual Surety: Major US surety bond provider with global reach, offering contract surety, commercial surety, and credit insurance. Directly comparable to Credeq's specialty surety and guarantee products for construction contractors.

Broad incumbents

• QBE Insurance Group: Global insurer with strong specialty and surety capabilities, particularly in Australia and emerging markets. Comparable to Credeq's geographic mix across Australia, Europe, and developing markets.
• AIG: Large multinational insurer with established surety, trade credit, and political risk capabilities. Overlaps with Credeq's specialty products but as part of a much broader commercial insurance portfolio.
• Zurich Insurance Group: Global incumbent insurer with substantial surety operations alongside broader P&C and life insurance. Overlaps with Credeq's specialty guarantee and credit insurance business as part of a wider portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/credeqglobal

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Credeq