This public procurement record has 5 releases in its history.

AwardUpdate

08 Mar 2023 at 10:21

AwardUpdate

07 Mar 2023 at 15:05

AwardUpdate

07 Mar 2023 at 14:36

AwardUpdate

07 Mar 2023 at 13:56

Award

03 Mar 2023 at 15:01

Summary of the contracting process

The Department for International Trade has concluded a procurement process for a framework contract titled "POLITICAL AND CREDIT RISK INSURANCE FRAMEWORK" in the financial and insurance services category. This procurement opportunity was conducted through an open procedure (above threshold) with a contract value of £250 million. The procurement stage has been completed, with the contract period scheduled from 16th January 2023 to 15th January 2027.

This tender presents an opportunity for businesses in the insurance and brokerage sectors to engage with UK Export Finance on a Political & Credit Risk Insurance Framework agreement. The Department for International Trade based in London, UK, has successfully awarded the contract to multiple suppliers for various lots. Small and medium-sized enterprises (SMEs) as well as large-scale enterprises are involved as suppliers, indicating a mix of businesses suitable for this framework. The contract offers a significant value and lasting period, creating stable growth opportunities for successful bidders.

How relevant is this notice?

Notice Title

POLITICAL AND CREDIT RISK INSURANCE FRAMEWORK

Notice Description

UK Export Finance has formed a Political & Credit Risk Insurance Framework (Lot 1: Brokerage, Lot 2: Insurance) agreement. The initial contract period is for 2 years with an option to extend twice for 12 months each time.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1ca59ece-d90f-4ede-8fc5-215fbc36dd7c
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£250,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
£250,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
8 Mar 20233 years ago
Submission Deadline
15 Jan 2023Expired
Future Notice Date
Not specified
Award Date
3 Feb 20233 years ago
Contract Period
16 Jan 2023 - 15 Jan 2027 4-5 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
Department for International Trade
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 2DY
Postcode Area
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
33
Supplier Names

AEGIS MANAGING AGENCY LIMITED

AMERICAN INTERNATIONAL GROUP UK LTD

AON UK LIMITED

APOLLO SYNDICATE MANAGEMENT LIMITED

ARK SYNDICATE MANAGEMENT LTD

ASCOT UNDERWRITING LIMITED

ASPEN MANAGING AGENCY LIMITED

AXA XL INSURANCE COMPANY UK LIMITED

Argo Managing Agency Limited

BEAZLEY FURLONGE LTD

BERRY PALMER & LYLE LIMITED

CANOPIUS MANAGING AGENTS LTD

CHAUCER SYNDICATES LIMITED

CHUBB EUROPEAN GROUP SE

CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED

COMPAGNIE FRANCAISE D'ASSURANCE POUR LE COMMERCE EXT&#

ENDURANCE WORLDWIDE INSURANCE LIMITED

EULER HERMES SA (NV)

FIDELIS UNDERWRITING LIMITED

HAMILTON MANAGING AGENCY LIMITED

HDI GLOBAL SPECIALTY SE

IQUW SYNDICATE MANAGEMENT LIMITED

LANCASHIRE INSURANCE COMPANY (UK) LIMITED

LIBERTY MANAGING AGENCY LIMITED

LIBERTY MUTUAL INSURANCE EUROPE SE

MARKEL SYNDICATE MANAGEMENT LIMITED

MS AMLIN UNDERWRITING LIMITED

MUNICH RE SYNDICATE LIMITED

NAVIGATORS UNDERWRITING AGENCY LIMITED

QBE UK LIMITED

STARR MANAGING AGENTS LIMITED

SWISS RE INTERNATIONAL SE

TALBOT UNDERWRITING LTD

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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