IVASS Alert on Counterfeit Surety Bonds Issued in the Name of Nordic Guarantee: What Businesses and Individuals Need to Know
In recent months, the surety bond market has once again come under the spotlight.
IVASS, the Authority that oversees insurance in Italy, published an urgent statement on November 11, 2025, warning of the circulation of false surety bonds (polizze fideiussorie) issued in the name of the Swedish company Nordic Guarantee Försäkringsaktiebolag. This news directly concerns both companies involved in public tenders and private individuals needing a surety for procedures such as inviting a non-EU citizen to Italy.
For those outside the sector, this might seem like a distant problem, but it is not at all. A counterfeit surety bond can block a tender process, lead to an application being rejected, or cause very serious financial and legal damages. It is essential to understand what is happening and how to defend against it.
What IVASS Communicated
IVASS confirmed that falsified policies are circulating that bear the name of the company Nordic Guarantee Försäkringsaktiebolag.
The company, which is regularly authorized to operate in Italy in the guarantee sector and is supervised by the Swedish authority Finansinspektionen, has declared that it does not recognize these documents.
Furthermore, it reported that the PEC (certified email address) nordicguarantee@namirialpec.it does not belong to the company and should therefore not be considered valid.
This means that certain parties are issuing fake documents by improperly using the company’s name to give them an appearance of legitimacy.
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Why the Problem is So Serious
A surety bond is not just any form. It is a financial guarantee worth real money. If the policy is counterfeit, all the consequences fall on the party presenting it.
A company can be excluded from a public tender even if it has already invested time and resources. A private individual may have their application for a non-EU citizen’s entry permit rejected by the Prefecture. Anyone who paid for the policy loses their money and risks being involved in unpleasant legal situations.
The point is simple: a fake surety bond guarantees nothing. It’s like trying to open a door with a key that looks real but doesn’t work.
How to Recognize an Authentic Surety Bond
To avoid problems, IVASS advises following certain precautions.
First, you must check that the company is authorized to operate in Italy. Complete lists of Italian and foreign companies authorized in the guarantee sector can be found on the IVASS website. If the company does not appear on that list, something is wrong.
Next, you need to verify that the policy actually exists. Many companies provide an electronic verification system: simply enter the policy number, date, and code to immediately know if the document is real. This is a quick check that can prevent a lot of trouble.
It is also important to verify the intermediary proposing the policy. They must be registered in the RUI, the Single Register of Insurance Intermediaries. If they are not in the register, it means they are not authorized to operate.
Finally, you must pay attention to suspicious PECs, emails, and websites. If an address is not linked to the company indicated in the policy, it is a clear sign of risk.
Why These Counterfeits Occur
The surety bond sector has become very attractive because more and more entities require fast and reliable guarantees. And when there is high demand, unfortunately, unscrupulous individuals appear who try to take advantage of it.
They often propose prices that are too low to be true, extremely fast turnaround times, or documents that look exactly like original policies. But behind that appearance, there is no real guarantee. Only risks.
How ItaliaFideiussioni.it Protects Businesses and Individuals
Our work is specifically designed to prevent problems of this type. We collaborate only with companies authorized by IVASS, intermediaries registered in the RUI, and official verification channels.
Every document we issue is carefully checked to ensure authenticity and validity.
This means that those who rely on our services obtain a genuine, verifiable surety bond recognized by public offices and contracting stations.
What to Do If You Suspect Your Policy is Fake
If something doesn’t feel right, it’s best to act immediately. You can directly contact the company indicated on the policy, seek assistance from the IVASS Consumer Contact Center, or send the document to us for a free preliminary check.
In these cases, time matters. Realizing late that you hold a fake policy can cause much greater damage than the initial problem.
The case of counterfeit policies in the name of Nordic Guarantee demonstrates how important it is to choose carefully who to trust. Surety bonds are essential tools for companies participating in public tenders and for private individuals dealing with delicate procedures, such as those for the entry of a non-EU family member or friend into Italy. Knowing the rules and relying on serious professionals allows one to navigate a market that is often complex but fundamental.
If you need a safe and verifiable surety bond or want to check a document you already have, we are available to assist you with clear information and rapid support.
