Award

The Provision of Insurance - Casualty Insurance - Excess Layer 2 (PS25m over PS75m)

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 3 releases in its history.

AwardUpdate

14 Apr 2025 at 11:40

AwardUpdate

14 Apr 2025 at 11:38

Award

14 Apr 2025 at 11:36

Summary of the contracting process

Hampshire County Council has concluded the procurement process for providing excess layer casualty insurance coverage. This insurance, titled "The Provision of Insurance - Casualty Insurance - Excess Layer 2 (£100m over £50m)", falls under the industry category of Liability Insurance Services (CPV: 66516000). The contract, valued at £30,016 GBP, will be executed in Winchester, England (SO23 8UJ) from April 1, 2025, to March 31, 2026. This competitive quotation process, classified as below-the-threshold limited procurement, reached its tender stage with finality on the deadline of March 31, 2025, and the award was published on April 14, 2025.

This tender provides substantial opportunities for business growth for large-scale providers of insurance services. Suitable companies include those specializing in public and products liability, employers' liability, and pollution liability insurance, particularly those adept at managing risks associated with county council operations including highway use. Although SMEs and VCSEs are not the target for this procurement, large insurance firms like Aspen Insurance UK Limited, the awarded supplier, stand to gain from this contract by cementing their position in the public sector insurance market.

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Notice Title

The Provision of Insurance - Casualty Insurance - Excess Layer 2 (PS25m over PS75m)

Notice Description

Casualty Excess Layer Insurance is a commercial Insurance Policy purchased to increase Hampshire County Council's limits of liability over the primary insurance cover of PS50million, to provide appropriate indemnity for the County Council's risks. This insurance is on a Combined Liability basis and consists of Public and Products Liability, Employers' Liability and Pollution Liability and provides insurance against third party claims for injury, damage to property and financial loss arising from activities as a County Council. This includes claims against the County Council arising from the use of the Highways.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9f4b8a80-9600-4532-8388-0204b397709e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3f941a35-cd5d-40dd-8999-7b3ff3aedec6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66516000 - Liability insurance services

Notice Value(s)

Tender Value
£30,016 Under £100K
Lots Value
Not specified
Awards Value
£30,016 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Apr 202510 months ago
Submission Deadline
31 Mar 2025Expired
Future Notice Date
Not specified
Award Date
30 Mar 202511 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
HAMPSHIRE COUNTY 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
WINCHESTER
Postcode
SO23 8UJ
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
Not specified

Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

ASPEN INSURANCE

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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