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A local partner for your surety business in Italy
Alauda Broker is an Italian wholesale insurance broker specialising in surety, registered with IVASS (RUI Section B, no. B000712426) and active in the line since 2010. We work exclusively with other insurance intermediaries and with insurers. For insurers that want to develop surety business in Italy without building a local structure, we provide market knowledge, access to a network of agents and brokers, and technical and operational support across the bond lifecycle.
What we can support
The scope of our services is agreed with each insurer and set out in writing.
Distribution
Agents and brokers place their clients’ surety needs through Alauda. We submit their risks to insurers in line with each insurer’s appetite and underwriting guidelines, and the intermediary keeps the client relationship.
Risk assessment
Every submission is analysed before it reaches the underwriter: financial statements, algorithmic credit scoring and specialised databases (Cerved, CRIF, CreditSafe, Fox Patton). The underwriter receives a complete, documented file.
Underwriting process support
We help design and run the information flows, document checks and controls behind each submission, so files are consistent with the insurer’s guidelines and agreed technical limits.
Market and regulatory knowledge
Public procurement under Legislative Decree 36/2023, private contracts, customs and tax guarantees: the documents, wording requirements and timing behind each Italian surety bond, including the standard forms required by contracting authorities.
Compliance
Our activities follow IVASS rules and Italian insurance and intermediation law, with traceable procedures within our ISO 9001:2015 certified quality management system (Bureau Veritas, certificate IT348628).
Claims handling and loss adjusting
When a bond is called, we handle the claim on the insurer’s behalf under the terms agreed with it: we register the call, verify the bond, investigate the underlying contract and the alleged default, and adjust the loss in a documented report with a recommendation. The decision on payment remains with the insurer. After payment, we manage recovery and recourse against principals and indemnitors, including the review of counter-guarantees and coordination with appointed lawyers.
Clear roles
Alauda acts as an insurance broker. The insurer issues the bond and keeps every decision on risk acceptance, terms, issuance and claims payment. Alauda does not hold underwriting or binding authority and cannot commit the insurer, unless specific powers are granted by the insurer in a written agreement.
For insurers operating in Italy under freedom of services
For EU and EEA insurers writing Italian business on a freedom of services basis, we offer a local counterpart that knows the market, the intermediary network and the Italian regulatory framework, to support continuity in the surety line.
Request a presentation
Tell us about your company and your interest in the Italian surety market. We will arrange a call to discuss whether and how we could work together.