Award

C1256 - D&O Insurance Policy - 1st Excess Layer

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Award

06 Mar 2026 at 17:02

Award Notice
Summary of the contracting process

The procurement process overseen by National Wealth Fund Limited involves the awarding of a direct contract for the 1st Excess Layer of a D&O Insurance Policy, classified under insurance services. The procurement was concluded with a contract awarded to AON UK Ltd, valued at £55,760, and spans the period from 6th February 2026 to 5th February 2027. Given that this is a completed tender in the 'award' stage, the process utilised a single tender action below the threshold, indicating a streamlined direct procurement method. National Wealth Fund Limited, located in Leeds, England, facilitated the procurement, highlighting an opportunity within the UK market.

This tender presents potential growth opportunities for businesses involved in insurance services, particularly those able to provide high-value D&O insurance coverage efficiently. While AON UK Ltd, a large-scale provider, secured the contract, other businesses, especially those classified as SMEs, could find the procurement approach encouraging, as it indicates openness to direct negotiations and streamlined contracting procedures. Such businesses should ensure they have well-established operations in the UK to act as competitive suppliers in future similar procurement opportunities.

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Notice Information

Notice Title

C1256 - D&O Insurance Policy - 1st Excess Layer

Notice Description

D&O Insurance Policy - 1st Excess Layer - Additional PS10m Total limit of Liability.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2ad8623f-b4af-4685-8f3d-0c4ed7ee752b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/152bb4bb-e41f-4652-8cc8-2b8dd9513bb2
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£55,760 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Mar 20261 weeks ago
Submission Deadline
5 Feb 2026Expired
Future Notice Date
Not specified
Award Date
5 Feb 20261 months ago
Contract Period
6 Feb 2026 - 5 Feb 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

AON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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