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Insurance Tender

London Borough of Hackney

This public procurement record has 1 release in its history.

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14 Apr 2023 at 09:44

Award Notice
Summary of the contracting process

The London Borough of Hackney recently awarded a contract for comprehensive insurance arrangements with effect from 1 April 2023. The total value of the contract is £21,529,011 GBP, and it covers various insurance services including property, casualty, motor fleet, engineering inspection, personal accident, and terrorism. The procurement method used was an open procedure, and the contracting authority is the London Borough of Hackney. The contract period is from 1 April 2023 to 30 April 2026, providing opportunities for businesses to engage in the insurance services sector.

This tender by the London Borough of Hackney presents opportunities for businesses in the insurance industry to compete for multi-lot insurance services contracts. The tender is suitable for small and medium-sized enterprises (SMEs) in the insurance sector looking to expand their client base. Businesses with expertise in property insurance, casualty insurance, motor fleet insurance, engineering inspection, personal accident insurance, and terrorism insurance are well-suited to bid for this contract. The deadline for tender submissions was 20 December 2022, and the awarded contract is currently active, offering a chance for growth and collaboration in the insurance market.

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Notice Information

Notice Title

Insurance Tender

Notice Description

The London Borough of Hackney is seeking tender submissions from suitably experienced organisations to comprehensive insurance arrangements to be in place with effect from 1 April 2023 for a period of three (3) years with an option to extend the term for a further two (2) years. The tender is divided into 6 Lots: Property Casualty (Liability) & Fidelity Guarantee Motor Fleet Engineering Inspection & Insurance Personal Accident/Business Travel Terrorism

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-493d3f2f-3c07-436c-87ee-245ef9a7d0eb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d69041b4-d6be-4e0e-a56b-00413523daaf
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66513000 - Legal insurance and all-risk insurance services

66514100 - Insurance related to Transport

66514110 - Motor vehicle insurance services

66515000 - Damage or loss insurance services

66516100 - Motor vehicle liability insurance services

66516400 - General liability insurance services

66516500 - Professional liability insurance services

Notice Value(s)

Tender Value
£21,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£21,529,011 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
14 Apr 20233 years ago
Submission Deadline
20 Dec 2022Expired
Future Notice Date
Not specified
Award Date
28 Feb 20233 years ago
Contract Period
1 Apr 2023 - 30 Apr 2026 3-4 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 Hackney
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HACKNEY
Postcode
E8 1DY
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Hackney
Electoral Ward
Hackney Central
Westminster Constituency
Hackney South and Shoreditch

Supplier Information

Number of Suppliers
6
Supplier Names

Arthur J. Gallagher Insurance Brokers Limited

British Engineering Services Limited

Protector Forsikring ASA

Protector Insurance

Risk Management Partners Ltd

Zurich Insurance plc (UK Branch) trading as Zurich Municipal

Further Information

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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