Award

Political and Credit Risk Insurance

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

01 Sep 2023 at 11:07

Summary of the contracting process

The UK EXPORT FINANCE has awarded a contract for Political and Credit Risk Insurance through a selective procurement method where multiple framework suppliers were involved. The contract, valued at £3,000,000 GBP, was completed on 1st August 2023. The contract period starts on 1st August 2023 and ends on 31st July 2030. The location of the procurement is London, SW1A 2HQ, under the services category.

This tender presents an opportunity for insurance companies and underwriters to compete for providing Political and Credit Risk Insurance services. Businesses specialising in insurance services, particularly those in large-scale underwriting or syndicates, would be well-suited to participate. The award notice can be found at Contracts Finder for reference.

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Notice Title

Political and Credit Risk Insurance

Notice Description

This is a contract for political and credit risk insurance, awarded to multiple framework suppliers. The total value of the contract does not exceed the value stated above.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6715471a-c249-4fb8-b575-3cedac58a0f3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/691b1821-f42e-4a76-b38e-b7a968debc1a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

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

Notice Dates

Publication Date
1 Sep 20232 years ago
Submission Deadline
1 Jun 2023Expired
Future Notice Date
Not specified
Award Date
31 Jul 20232 years ago
Contract Period
31 Jul 2023 - 31 Jul 2030 Over 5 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
UK EXPORT FINANCE
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
SW1A 2HQ
Post Town
South West 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
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
9
Supplier Names

AXA XL INSURANCE

FIDELIS UNDERWRITING

LLOYD'S UNDERWRITER SYNDICATE NO. 1084 (CHAUCER

LLOYD'S UNDERWRITER SYNDICATE NO. 1221 (HARTFORD

LLOYD'S UNDERWRITER SYNDICATE NO. 1414 (ASCOT

LLOYD'S UNDERWRITER SYNDICATE NO. 2001 (MS AMLIN

LLOYD'S UNDERWRITER SYNDICATE NO. 3000 (MARKEL

LLOYD'S UNDERWRITER SYNDICATE NO. 3902 (ARK

LLOYD'S UNDERWRITER SYNDICATE NO. 4444 (CANOPIUS

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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