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Flood Re Outwards Reinsurance Programme Bid Process

Flood Re Limited

This public procurement record has 1 release in its history.

Tender

02 Jun 2021 at 08:45

Tender Notice
Summary of the contracting process

The Flood Re Limited is currently conducting a tender for the "Flood Re Outwards Reinsurance Programme Bid Process," classified under the industry category of reinsurance services. This active procurement process, which employs a selective method with competitive negotiation, is set to conclude the tender period on 1 July 2021. The associated contract will begin on 1 April 2022 and is expected to run until 31 March 2025, encompassing five distinct service lots related to property reinsurance. Interested parties must meet the requirements outlined in the Standard Selection Questionnaire and submit their applications by the specified deadline.

This tender presents significant opportunities for businesses specialising in reinsurance services, particularly those capable of providing lead capacity for reinsurance programmes. Companies offering innovative solutions and comprehensive risk management strategies would be well-suited to compete. Given the contract spans a minimum of three years, suppliers looking to solidify long-term relationships within the industry can leverage this opportunity to enhance their market position and grow their business in the UK.

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Notice Information

Notice Title

Flood Re Outwards Reinsurance Programme Bid Process

Notice Description

Provision of Lead Capacity for Reinsurance Programmes

Lot Information

Provision of Property Reinsurance Aggregate Excess of Loss Sub-layer

Provision of Property Reinsurance Excess of loss for a Sub-layer as more fully described in the ITT

Renewal: The Minimum Policy period required is 3 years

Property Reinsurance Aggregate Excess Layer 1

Provision of Property Reinsurance Aggregate Excess of Loss for layer 1 as more fully described in the ITT

Renewal: The Minimum Policy period required is 3 years

Property Reinsurance Aggregate Excess Layer 2

Provision of Property Reinsurance Aggregate Excess of Loss for layer 2 as more fully described in the ITT

Renewal: The Minimum Policy period required is 3 years

Provision of Property Reinsurance Quota Share

Provision of Property Reinsurance Quota Share as more fully described in the ITT

Renewal: The Minimum Policy period required is 3 years.

Provision of Property - Risk Excess of loss layer

Provision of Property Reinsurance Risk Excess of Loss programme as more fully described in the ITT

Renewal: The Minimum Policy period required is 3 years

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02b741
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/012239-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66700000 - Reinsurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jun 20215 years ago
Submission Deadline
1 Jul 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2022 - 31 Mar 2025 3-4 years
Recurrence
3 years

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Flood Re 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
LONDON
Postcode
EC4N 7BE
Postcode Area
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
Not specified
Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Further Information

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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