QBE expands W&I presence in Nordics, appoints Samuel Pihl

Commercial insurer QBE is expanding its Warranty & Indemnity (W&I) presence in the Nordics to meet the growing demand for transactional risk insurance solutions.

Sweden’s M&A market, after a period of uncertainty, is showing signs of recovery. According to EY, 387 deals were completed in Q4’24, a 9% increase from the year prior. Investment banks expect this momentum to continue in 2025, driven by interest rate cuts, more IPOs, and a strong level of capital preparedness.

At the same time, the transaction landscape has become more complex. Technical expertise and insurance capabilities are increasingly critical to manage uncertainties and provide peace of mind for transaction partners. This has driven demand for tailored insurance solutions that enhance the predictability of business deals.

Gunnar Blomqvist, QBE Nordic Underwriting Manager, noted, “More companies are reviewing their strategies, some to strengthen supply chains and others to take advantage of new technology, while venture capital firms are increasing their activity. With a more sophisticated transaction environment, there is increased need for technical expertise and capacity to analyse and manage risks effectively.”

As part of its expansion, QBE has appointed Samuel Pihl to the newly created role of Transactional Liability Underwriter for the Nordics.

Pihl brings extensive experience from both the insurance and legal sectors, having worked on corporate transactions at one of Sweden’s leading law firms. In his new role, he will underwrite W&I insurance in the region, leveraging QBE’s global capabilities.

Toria Lessman, Global Head of Transactional Liability at QBE, commented, “With a growing M&A market and transactions that are more complex, predictability and security have never been more important. We are pleased to bring our global capabilities and local expertise to the Nordics region, equipping our broker partners and clients with transaction solutions that meet business needs.”

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