Tender

Investment Manager Appointment and Onboarding

FLOOD RE LIMITED

This public procurement record has 1 release in its history.

Tender

10 Nov 2025 at 11:59

UK4 - Tender Notice
Summary of the contracting process

Flood Re Limited, a public authority operating under the central government in the United Kingdom, is initiating an open procedure tender for the appointment of an asset manager to oversee its £1bn investment assets. This procurement process, classified under services, specifically targets reinsurance services and is scheduled to conclude its tender period on 22nd December 2025, with the awards to be finalized by 18th March 2026. Interested parties are encouraged to note the submission must be completed by the detailed end date, and electronic submissions are permissible through the specified portal. Located in London, this tender seeks expertise within the UK market under CPV code 66700000.

This tender presents significant opportunities for growth for businesses specialising in insurance and asset management services. Companies with a strong brand and a proven track record in managing insurance assets will find this opportunity well-suited. Furthermore, the tender includes a 10-year contract with the possibility of a 36-month extension, allowing long-term financial stability and partnership development. Small and medium enterprises (SMEs) are also encouraged to apply, as the process supports inclusivity and growth across various business sizes. The selected firm will be evaluated based on capability, culture, price, and support, emphasizing qualitative and quantitative expectations.

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Notice Information

Notice Title

Investment Manager Appointment and Onboarding

Notice Description

Flood Re is seeking to appoint a reputable asset manager for its PS1bn of assets. We are looking for a partnership relationship with an asset management institution with strong brand and insurance asset management capabilities to assist us in managing our investments in line with our investment risk appetite.

Lot Information

Lot 1

Renewal: 10 years minimum contract with the option to extend for an additional 36 months subject to approval.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05dd8c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/072348-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
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
£4,550,000 £1M-£10M
Lots Value
£4,550,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Nov 20253 months ago
Submission Deadline
22 Dec 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2026 - 1 Apr 2036 Over 5 years
Recurrence
Not specified

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
Not specified
Contact Email
information@floodre.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC4N 7BE
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
Not specified
Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

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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