Award

1

POOL REINSURANCE COMPANY LIMITED

This public procurement record has 2 releases in its history.

Award

18 Oct 2023 at 14:37

Tender

15 May 2023 at 11:55

Summary of the contracting process

The Pool Reinsurance Company Limited, a London-based public body, has completed a procurement process to secure Reinsurance Broking Services in the services industry, specifically for financial and insurance services. The tender titled "1" was for advising on reinsurance program structure and design. The Broker selected was Guy Carpenter & Company Limited. The procurement method used was the open procedure, with the contract awarded on 11th October 2023.

This tender for Reinsurance Broking Services by Pool Re presents an opportunity for businesses in the financial and insurance services sector. Companies with expertise in advising on reinsurance programs and placing reinsurance covers are well-suited to compete. The tender process reached the award stage, showcasing the potential for strategic partnerships in the reinsurance industry. The three-year contract with options for extension offers a chance for long-term collaboration and business growth opportunities.

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Notice Title

1

Notice Description

The Broker shall be responsible for advising on the structure and design of the reinsurance programme and available types of cover. They will also be expected to place the property terrorism reinsurance program.

Lot Information

Lot 1

The Broker shall be responsible for advising on the structure and design of the reinsurance programme and available types of cover. They will also be expected to place the property terrorism reinsurance program.

Options: The initial term of the contract is three years.

Renewal: This appointment will run for a three-year period with options for Pool Re, in its absolute discretion to extend for a further twelve months at the third and fourth anniversaries, making the full term a maximum of five years

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03c8be
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030800-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
18 Oct 20232 years ago
Submission Deadline
23 Jun 2023Expired
Future Notice Date
Not specified
Award Date
10 Oct 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
POOL REINSURANCE COMPANY LIMITED
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

GUY CARPENTER

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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