Award

C1255 - D&O Insurance Policy - Primary Layer

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Award

06 Mar 2026 at 16:59

Award Notice
Summary of the contracting process

The National Wealth Fund Limited, a prominent financial institution located in Leeds, has awarded a contract for a Directors and Officers (D&O) Insurance Policy - Primary Layer. The industry category involved is insurance services, specifically under CPV code 66510000. This procurement, conducted through a direct method as a single tender action below the threshold, was initiated on 6 March 2026. The procurement stage is now the award phase, with the successful tenderer being AON UK Ltd, a large-scale company with its headquarters in London. The contract period spans from 6 February 2026 to 5 February 2027, with a total liability limit set at £10 million.

This tender represents substantial opportunities for enterprises specialising in insurance services. SMEs can benefit significantly from engaging in such contracts, given their suitability noted in the procurement details. While the procurement has been awarded to a large-scale entity, other businesses can explore similar future opportunities, particularly those aiming to establish or expand their reach within the United Kingdom’s insurance sector. Firms in this industry with innovative solutions or competitive insurance offerings are well-positioned to compete for similar tenders, fostering growth and generating substantial market presence.

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Notice Information

Notice Title

C1255 - D&O Insurance Policy - Primary Layer

Notice Description

D&O Insurance Policy - Primary Layer - PS10m Total limit of Liability.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f63f9f28-4877-49ba-8aab-637d676557ea
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9c6cf6f2-f973-4c0d-86ea-24d6d7c392b6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£78,064 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Mar 20261 weeks ago
Submission Deadline
5 Feb 2026Expired
Future Notice Date
Not specified
Award Date
5 Feb 20261 months ago
Contract Period
6 Feb 2026 - 5 Feb 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
NATIONAL WEALTH FUND LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

AON

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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