Award

Corporate Insurance Contract

LONDON BOROUGH OF ENFIELD

This public procurement record has 1 release in its history.

Award

29 Oct 2024 at 10:58

Award Notice
Summary of the contracting process

The London Borough of Enfield has announced the award of its Corporate Insurance Contract, classified under Financial and Insurance Services (CPV: 66000000). This contract, which follows a mini-competition under the YPO Insurance Placement DPS (ref.978), covers various insurance needs split into five lots, including Property, Liability & Fidelity Guarantee, Motor, Group Personal Accident & Travel, and Terrorism - Property. The contract will commence on 1st April 2024 and run until 31st March 2029, with an overall value of £7,650,355. The award notice was published on 29th October 2024, detailing the procurement stage as complete and primarily involving services across multiple global locations including the United Kingdom and others.

This contract provides substantial opportunities for insurers and risk management firms with a focus on large-scale, comprehensive insurance services. Companies specialising in property insurance, liability coverage, motor insurance, personal accident and travel insurance, and terrorism insurance are well-suited to such tenders. Awarded to Risk Management Partners Ltd. and Zurich Municipal, a division of Zurich Insurance Company Ltd., this agreement underscores the importance of strong risk management capabilities and offers significant business growth for insurance providers capable of meeting specialised and diversified insurance requirements for local government entities like Enfield Council.

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Notice Information

Notice Title

Corporate Insurance Contract

Notice Description

Please note: this is NOT an opportunity, it is the publication of an award notice in line with the Governments Transparency Agenda* The provision of Insurance for Enfield Council in respect of the main corporate insurance cover, split into the following lots - Lot 1 Property - including material damage, contract works, commercial leased properties, fine arts Lot 2 Liability & Fidelity Guarantee (FG) Lot 3 Motor, including uninsured loss recovery Lot 4 Group Personal Accident (PA) & Travel Lot 5 Terrorism - Property A mini-competition for this service was undertaken under the YPO Insurance Placement DPS (ref.978) The contract duration is a 5 year fixed period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3158e676-b685-4cd7-a9e6-ce82fb47dd1e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9c8b0db1-5de9-41f2-a0ba-5be7bc1bc925
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£7,650,355 £1M-£10M
Lots Value
Not specified
Awards Value
£7,650,355 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Oct 20241 years ago
Submission Deadline
22 Jan 2024Expired
Future Notice Date
Not specified
Award Date
21 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2029 Over 5 years
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
LONDON BOROUGH OF ENFIELD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ENFIELD
Postcode
EN1 3ES
Post Town
Enfield
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI54 Enfield
Delivery Location
Not specified
Local Authority
Enfield
Electoral Ward
Town
Westminster Constituency
Enfield North

Supplier Information

Number of Suppliers
2
Supplier Names

RISK MANAGEMENT PARTNERS

ZURICH MUNICIPAL A TRADING NAME OF ZURICH INSURANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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