Award

Reinsurance Broking Services

POOL REINSURANCE COMPANY LIMITED

This public procurement record has 1 release in its history.

Award

17 Oct 2023 at 15:00

Summary of the contracting process

The Pool Reinsurance Company Limited, a UK-based financial and insurance services organisation, recently awarded a contract for Reinsurance Broking Services to Guy Carpenter & Company Limited. The tender had a value of £3,825,000 and was conducted using an "Open procedure (above threshold)" procurement method. The contract period is set to start on November 1, 2023, and end on October 31, 2026.

This procurement opportunity for Reinsurance Broking Services, with a specific focus on property terrorism reinsurance, can be beneficial for businesses in the financial and insurance services industry. Organisations providing expertise in reinsurance program design and placement would be well-suited to compete for this contract, which presents a significant financial opportunity with clear start and end dates, offering stability for contracted service provision over a three-year period.

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Notice Title

Reinsurance Broking Services

Notice Description

The Broker shall be responsible for advising on the structure and design of the reinsurance programme and available types of cover. They will also be expected to place the property terrorism reinsurance program. Advertised via notice 2023/S 000-013764

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4f09a9a1-1d15-43de-a3d0-33e12a61aeb9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c5b1c6a2-09d6-4718-af2a-f64fe81423c4
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£3,825,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 20232 years ago
Submission Deadline
23 Jun 2023Expired
Future Notice Date
Not specified
Award Date
10 Oct 20232 years ago
Contract Period
1 Nov 2023 - 31 Oct 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
POOL REINSURANCE COMPANY 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
LONDON
Postcode
EC4R 9AF
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

GUY CARPENTER

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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