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W824 - Fine Art Insurance

Derby City Council

This public procurement record has 1 release in its history.

Award

27 Jul 2026 at 11:33

Award Notice
Summary of the contracting process

Derby City Council procured specialist fine art insurance services for its art collection and loaned exhibits. The requirement covers insurance of cultural and artistic assets held by the council, including exhibits on loan. It is a services contract managed and paid for by Derby City Council, with delivery across the East Midlands. The procurement is classified as insurance services. The requirement is suited to small and medium-sized enterprises. Businesses relevant to this work include insurers and specialist brokers with experience of underwriting fine art collections, museum holdings and loaned artworks, particularly where cover must reflect the value, handling and movement risks associated with cultural assets.

The procurement is complete and was awarded through an Other – Direct Award procedure. Bids or responses were due by 30 March 2026 at 12:00. The contract was awarded to AXA XL Syndicate on 31 March 2026 for £45,807.52 including the stated currency of GBP. The contract period runs from 1 April 2026 to 31 March 2027. The award is active. The published procurement value and awarded value are both £45,807.52. The evaluation route was therefore a direct award rather than a competitive tender, and the outcome was selection of a single supplier for the council’s fine art insurance requirement.

This award indicates a defined requirement for specialist insurance of a public art collection and loaned exhibits within a local authority setting. Competitors seeking comparable work would need credible fine art underwriting or broking capability, with a clear understanding of museum and gallery risks, collection management, loan arrangements and the protection of artworks in public ownership or temporary custody. Relevant experience would include designing and administering cover for collections and individual exhibits, assessing valuation and provenance risks, and handling claims involving damage, loss or movement. The opportunity is suitable for SMEs, so specialist independent insurers and brokers may be well placed to compete when this buyer’s requirement returns.

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Notice Information

Notice Title

W824 - Fine Art Insurance

Notice Description

Provision of specialist Fine Art insurance cover for Derby City Council's art collection and loaned exhibits.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9b3d22a0-5f40-4bb3-bcb8-e558e8ef1fe5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/01f97484-872d-4c3f-bbb5-dfa33a5dccd0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£45,807 Under £100K
Lots Value
Not specified
Awards Value
£45,807 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 20266 months ago
Contract Period
1 Apr 2026 - 31 Mar 2027 6-12 months
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
Derby City Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DERBY
Postcode
DE1 2FS
Postcode Area
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)
Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

AXA XL Syndicate

Further Information

Notice Documents

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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