This public procurement record has 2 releases in its history.

Award

08 Apr 2024 at 14:47

Tender

21 Aug 2023 at 09:10

Summary of the contracting process

The procurement process involves Pool Re Services Limited looking to appoint a broker for the provision of Insurance Brokerage services. The buying organisation is located at Equitable House, 47 King William St, London, United Kingdom. The procurement falls under the services industry category and is at the award stage. The deadline for the contract was on 13th February 2024. Pool Re Services Limited used an open procedure for this procurement.

This tender for Insurance Brokerage services by Pool Re Services Limited presents an opportunity for businesses in the insurance sector. Companies with expertise in insurance brokerage and agency services, particularly in areas like Professional Indemnity, Directors and Officers’ Insurance, Crime, Cyber, and Commercial Combined policies, would be well-suited to compete. The contract value is £453,191, and Marsh Limited is the current active supplier of Corporate Insurance Broker services for this contract.

How relevant is this notice?

Notice Title

1

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

Lot Information

Lot 1

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

Renewal: The contract requirements will be for three (3) years with the option for Pool Re to extend for a further two (2) x 12 month periods.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03f575
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011283-2024
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

66518000 - Insurance brokerage and agency services

Notice Value(s)

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

Notice Dates

Publication Date
8 Apr 20242 years ago
Submission Deadline
4 Oct 2023Expired
Future Notice Date
Not specified
Award Date
13 Feb 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
3 to 5 years

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
Pool Re Services Limited
Additional Buyers

Pool Reinsurance Company 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
EC4R 9AF
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
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 Limited

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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