Award

Political Credit Risk Lot 2 Call-off 9a

UK EXPORT FINANCE

This public procurement record has 1 release in its history.

Award

15 May 2026 at 13:24

Summary of the contracting process

The procurement process titled "Political Credit Risk Lot 2 Call-off 9a" was spearheaded by UK Export Finance, based in London, England. This process involves reinsurance services with an industry category classified under insurance services. The procurement was executed through a call-off from a framework agreement using a selective method. The contract, valued at £1,624,754.58, commenced on 6th March 2025 and is set to conclude on 5th March 2028. The tender process has reached the award stage with details published on 15th May 2026.

This tender presents significant opportunities for large-scale companies within the insurance sector. Its substantial contract value and the requirement for reinsurance services make it especially suitable for established insurers looking to expand their portfolio and secure higher-value contracts. Supplier roles have already been filled by prominent firms such as AXA XL Insurance Company UK Limited and Euler Hermes UK, suggesting the high level of capability required. Companies capable of providing comprehensive insurance and risk management solutions could benefit greatly from similar procurement opportunities, offering room for strategic growth and increased market presence. Overall, this tender demonstrates potential avenues for growth for large firms looking for substantial projects in public sector procurement.

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Notice Title

Political Credit Risk Lot 2 Call-off 9a

Notice Description

Reinsurance services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e8bb8274-e458-48a5-83d7-a73f01c6c357
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d811a95d-461d-4fdd-aa1c-fc71e87b439d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,624,754 £1M-£10M
Lots Value
Not specified
Awards Value
£1,624,754 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
15 May 20262 weeks ago
Submission Deadline
9 Jan 2025Expired
Future Notice Date
Not specified
Award Date
6 Mar 20251 years ago
Contract Period
6 Mar 2025 - 5 Mar 2028 3-4 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
UK EXPORT FINANCE
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 2HQ
Post Town
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
9
Supplier Names

AXA XL INSURANCE

CHAUCER SYNDICATES

CHUBB EUROPEAN GROUP

COMPAGNIE FRANCAISE D'ASSURANCE POUR LE COMMERCE EXTÉR

EULER HERMES UK, A BRANCH OF EULER HERMES SA (NV

HARTFORD UNDERWRITING AGENCY

LANCASHIRE SYNDICATES

LIBERTY MANAGING AGENCY

MS AMLIN UNDERWRITING

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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