Award

C1257 - D&O Insurance Policy - 2nd Excess Layer

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Award

06 Mar 2026 at 17:04

Award Notice
Summary of the contracting process

The procurement process for the Directors & Officers Insurance Policy, specifically the second excess layer, was conducted by National Wealth Fund Limited based in Leeds, England. The tender, classified under insurance services, was awarded and completed following a direct procurement method with a single tender action below threshold. The procurement aimed to provide an additional £10 million in liability coverage. The contract commenced on 6 February 2026 and will conclude on 5 February 2027. The award status was active as of 6 February 2026, with the contract valued at £41,262.85. This procurement belonged to the services category and was primarily open to small and medium-sized enterprises (SMEs), with no specific focus on voluntary, community, and social enterprises (VCSE).

This tender presents substantial business growth opportunities for firms specialising in insurance services, particularly those experienced in handling Directors & Officers insurance policies. SMEs could leverage this opportunity to expand their market presence by offering competitive products in this sector. Companies like AON UK Ltd, a large-scale supplier, successfully secured the contract, demonstrating the potential for larger companies to tap into government procurement frameworks. Businesses with expertise in the insurance industry and a robust service offering could find such tenders advantageous for establishing long-term contractual relations with organisations like National Wealth Fund Limited, thereby enhancing their portfolio and revenue streams.

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Notice Information

Notice Title

C1257 - D&O Insurance Policy - 2nd Excess Layer

Notice Description

D&O Insurance Policy - 2nd Excess Layer - Additional PS10m Total limit of Liability.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-37ab00e2-99d9-4645-b3c3-04dcfa528106
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4cf406cc-cccf-4e49-a1a9-2e3ce0d88331
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
£41,262 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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