Award

Corporate Insurance Broker

POOL RE SERVICES LIMITED

This public procurement record has 2 releases in its history.

Award

08 Apr 2024 at 13:18

Award Notice
Tender

21 Aug 2023 at 08:09

Tender Notice
Summary of the contracting process

The Pool Re Services Limited has awarded an active contract for Corporate Insurance Broker services to Marsh Limited. The contract, valued at £453,191 GBP, commenced on 13th February 2024 and will end on 29th April 2027. The tender was published on 21st August 2023, under the CPV code 66518000 (Insurance brokerage and agency services). The procurement method used was an open procedure, with the tender period closing on 4th October 2023. The location for delivery is in London, United Kingdom, with the procurement focusing on services.

Businesses with expertise in Insurance Brokerage services, especially those familiar with placing insurance policies for Professional Indemnity, Directors and Officers' Insurance, Crime, Cyber, and Commercial Combined, would find opportunities in this sector. Small and medium-sized enterprises (SMEs) are particularly well-suited to compete in this tender. The incumbent, Marsh Limited, is a large-scale supplier, indicating potential for growth and competition in the insurance services market.

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Notice Information

Notice Title

Corporate Insurance Broker

Notice Description

Pool Re is appointing a broker for the provision of Insurance Brokerage services. The Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re's insurance policies with insurance providers. Pool Re requires cover to be placed across a range of insurance policies to include: Professional Indemnity Directors and Officers' Insurance Crime Cyber Commercial Combined

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cdcfafdd-6f1e-420a-a4ff-a3b1f7a899a8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1b6d6caf-4fde-4f06-aada-00012b0f065a
Current Stage
Award
All Stages
Tender, 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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518000 - Insurance brokerage and agency services

Notice Value(s)

Tender Value
£1
Lots Value
Not specified
Awards Value
£453,191 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
8 Apr 20241 years ago
Submission Deadline
4 Oct 2023Expired
Future Notice Date
Not specified
Award Date
15 Nov 20232 years ago
Contract Period
13 Feb 2024 - 29 Apr 2027 3-4 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
POOL RE SERVICES LIMITED
Additional Buyers

POOL REINSURANCE

Contact Name
Commercial Services
Contact Email
commercialservices@poolre.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC4R 9AF
Post Town
Central 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
TLI London
Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

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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