Award

Insurance Services Review 2019 (excluding broker services)

LOCKTON COMPANIES LLP

This public procurement record has 2 releases in its history.

Award

11 Oct 2019 at 09:14

Award Notice
Tender

17 Jul 2019 at 13:06

Tender Notice
Summary of the contracting process

The Post Office Limited, through its appointed broker Lockton Companies LLP, conducted a tender for "Insurance Services Review 2019 (excluding broker services)" aimed at providing comprehensive insurance coverage for various risks including Crime, Motor Liability, Cyber, and Property Damage. The procurement process followed an open method and was classified under the Financial and Insurance Services category. The contract period will run from 1 November 2019 to 31 October 2020. The tender was published on 17 July 2019, with a submission deadline set for 26 August 2019. The contract awards were announced on 10 October 2019, confirming Zurich and QBE as the successful suppliers.

This procurement opportunity represents a significant growth potential for businesses in the insurance sector, particularly those capable of delivering specialised insurance solutions and risk management services. Companies with expertise in areas such as professional indemnity, property damage, and business interruption would find this contract particularly relevant. Large-scale insurance providers, who can meet the rigorous requirements set out by the contracting authority, are best positioned to compete for this tender.

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Notice Information

Notice Title

Insurance Services Review 2019 (excluding broker services)

Notice Description

The tender is for the provision of insurance for Crime, Specie, Motor/Combined Liability, Professional Indemnity, Cyber, Property Damage and Business Interruption, Directors and Officers, Sabotage and Terrorism, Personal Accident and Business Travel risks for Post Office Limited. Bids are invited for a minimum period of 12 months with options for two years, three years or three plus two years. Lockton is the appointed broker to the Contracting Authority and brokers dealing with insurance are not invited to submit bids.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-63bd5d94-9872-4462-9d6b-39a2f997fe6e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dbe732c7-79c7-4e35-ad7c-83343ed09588
Current Stage
Award
All Stages
Tender, 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
£1
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Oct 20196 years ago
Submission Deadline
26 Aug 2019Expired
Future Notice Date
Not specified
Award Date
9 Oct 20196 years ago
Contract Period
1 Nov 2019 - 31 Oct 2020 1-2 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
LOCKTON COMPANIES LLP
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
EC3A 7AG
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
TLI London
Local Authority
City of London
Electoral Ward
Aldgate
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
2
Supplier Names

QBE

ZURICH

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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