Winning a contract is only the beginning. For a Spanish contractor, developer or supplier, the next step often depends on providing a guarantee that gives the beneficiary confidence without tying up the finance needed to deliver the work. FDI Insurance is bringing its credit and surety expertise to that challenge, with a Spanish proposition built around the practical needs of businesses and the brokers who advise them.
Seguro de caución is at the heart of that proposition. Operating in ramo 15, caución, FDI Insurance will support companies that need to secure contractual, administrative and financial obligations. An insurer’s guarantee can offer an alternative to a bank aval, helping a business preserve borrowing capacity for materials, people and investment. The opportunity is to put security behind a company’s commitments while keeping its financing available for the activity that generates revenue.
Public procurement is a natural starting point. From the garantía provisional accompanying a tender to the garantía definitiva supporting an awarded contract, the right surety structure helps a contractor move from bidding to delivery. Advance payment and retention guarantees address further stages of the project, matching the security to the obligation and the wording required by the beneficiary. For brokers, this creates a conversation about the client’s pipeline of work and the guarantee capacity it needs across successive awards.
Renewable energy is another key area of the Spanish offer. Wind, solar and storage developments need guarantees at several stages, including grid access and connection, permits, construction and dismantling. FDI Insurance’s approach is to assess that sequence as a programme, with a surety facility designed around the project’s requirements. Bringing those obligations together can help developers plan their capacity while preserving the bank lines that finance construction.
The proposition also extends to guarantees supporting tax deferrals and instalment arrangements. For a viable business managing a demanding cash-flow period, the certificate required by the tax authority can be an essential part of an agreed payment plan. FDI Insurance assesses the company’s finances, the reason for the arrangement and the repayment programme, with the aim of providing security that supports the business through that period.
Alongside caución, FDI Insurance’s Spanish activity includes ramo 14, crédito: insurance addressing specified non-payment risks on the money a business is owed. Together, credit and surety respond to two closely connected commercial needs: protecting receivables and providing the guarantees that allow work to proceed. Brokers can discuss each exposure with the desk and identify the appropriate cover for their client’s trading model.
The Spanish proposition combines local distribution and administration through an associated managing general agent with FDI Insurance’s underwriting authority, insurance paper and capital in Dublin. That means local language and support through the life of a guarantee, backed by an Irish insurer authorised and prudentially supervised by the Central Bank of Ireland. FDI Insurance’s published Solvency and Financial Condition Reports give brokers and counterparties a direct basis for financial due diligence.
The regulatory foundation is the company’s entry in the DGSFP register under clave L1617, dated 19 July 2026, with ramo 14, crédito, and ramo 15, caución, both recorded as complete and active. FDI Insurance operates in Spain under the freedom to provide services. Each proposal is assessed on its own merits, with issuance subject to underwriting, agreed terms and the beneficiary’s requirements.
Update — 20 October 2026: FDI Insurance now has a representative office at World Trade Centre, Moll de Barcelona, S/N, Edificio Sur - 2nd Floor, Ciutat Vella, 08039 Barcelona, Spain. N.I.F. N9848961J. Telephone: +34 933443200. The office supports representation and administrative case management; it is not a sales office and is not open to the public. Business in Spain continues under the freedom to provide services, with underwriting in Dublin.
For Spanish brokers looking to develop a credit and surety relationship, the starting point is a discussion with the Dublin broker desk. Bring the client’s business profile, financial information and the contract or obligation requiring security. The desk can introduce the associated agency and explain the submission and terms-of-business process, turning an initial requirement into a structured discussion about the client’s next stage of growth.
Where this goes next
