Award

Insurance Brokerage (Non-Life) including Risk Management Services

LONDON UNIVERSITIES PURCHASING CONSORTIUM

This public procurement record has 1 release in its history.

Award

01 Sep 2021 at 10:49

Award Notice
Summary of the contracting process

The London Universities Purchasing Consortium (LUPC) has recently completed a procurement process for Insurance Brokerage (Non-Life) including Risk Management Services, which commenced from 1 September 2021. This open tender aimed to secure a broker for the LUPC Insurance Group, consisting of 40 institutions primarily from LUPC and some from SUPC and NEUPC buying consortia. The contract will run until 31 August 2028, following the award process that concluded on 31 August 2021, with an important milestone being the tender submission deadline on 10 May 2021.

This tender presents a significant opportunity for businesses specialising in insurance brokerage and risk management services. Companies able to provide comprehensive coverage across multiple lines, including property, business interruption, and cyber-related risks, would be particularly well-equipped to compete. The engagement involves servicing diverse institutions, thus opening avenues for growth and collaboration across the education sector and beyond.

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Notice Information

Notice Title

Insurance Brokerage (Non-Life) including Risk Management Services

Notice Description

London Universities Purchasing Consortium (LUPC), a company limited by guarantee, is undertaking this tendering process for Insurance brokerage services for and on behalf of the LUPC Insurance Group (IG), a group of 40 participating institutions, principally made up of more than 20 members of LUPC (https://www.lupc.ac.uk/member-list) together with a number of SUPC institutions (http://www.supc.ac.uk/our-members/) and one NWUPC member (https://www.nwupc.ac.uk/our-members), the University of Wolverhampton. It is also possible that at some point within the lifetime of the agreement it may be used by Members (full and associate) of the NEUPC purchasing consortia: (http://www.neupc.ac.uk/who-are-our-members). The appointed broker will commence servicing the IG from 1 September 2021, which includes the placement and management of several insurance lines including but not limited to: property and business interruption, money risks, engineering, motor, employers and public liability, financial lines, terrorism, clinical research and trials and cyber-related risks.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-751b67f7-8bfc-46bf-8ade-8e38b93d9160
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5415ac1c-c2b2-4ecd-bb13-5cfdfafb5c30
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
1 Sep 20214 years ago
Submission Deadline
10 May 2021Expired
Future Notice Date
Not specified
Award Date
30 Aug 20214 years ago
Contract Period
31 Aug 2021 - 31 Aug 2028 Over 5 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 UNIVERSITIES PURCHASING CONSORTIUM
Contact Name
Mike Kilner
Contact Email
m.kilner@lupc.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
W1T 7NZ
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified
Local Authority
Camden
Electoral Ward
Bloomsbury
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

ARTHUR J. GALLAGHER INSURANCE BROKERS

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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