Notice Information
Notice Title
Investment Manager Appointment and Onboarding
Notice Description
Flood Re appointed a reputable asset manager for its PS1bn of assets. Looking for a partnership relationship with an asset management institution with strong brand and insurance asset management capabilities to assist 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/059030-2026
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- UK6 - Contract Award Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- SME
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
-
- CPV Codes
66700000 - Reinsurance services
Notice Value(s)
- Tender Value
- £4,550,000 £1M-£10M
- Lots Value
- £4,550,000 £1M-£10M
- Awards Value
- £2,625,000 £1M-£10M
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 23 Jun 20262 days ago
- Submission Deadline
- 22 Dec 2025Expired
- Future Notice Date
- Not specified
- Award Date
- 18 Mar 20263 months ago
- Contract Period
- 2 Jul 2026 - 2 Jul 2031 Over 5 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Active
- 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
- 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
-
https://www.find-tender.service.gov.uk/Notice/059030-2026
23rd June 2026 - Contract award notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/072348-2025
10th November 2025 - Tender notice on Find a Tender
Open Contracting Data Standard (OCDS)
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.
{
"tag": [
"compiled"
],
"id": "ocds-h6vhtk-05dd8c-2026-06-23T14:51:18+01:00",
"date": "2026-06-23T14:51:18+01:00",
"ocid": "ocds-h6vhtk-05dd8c",
"initiationType": "tender",
"parties": [
{
"id": "GB-COH-08670444",
"name": "FLOOD RE LIMITED",
"identifier": {
"scheme": "GB-COH",
"id": "08670444"
},
"additionalIdentifiers": [
{
"scheme": "GB-PPON",
"id": "PHQQ-4765-PRCH"
}
],
"address": {
"streetAddress": "75 King William Street",
"locality": "London",
"postalCode": "EC4N 7BE",
"country": "GB",
"countryName": "United Kingdom",
"region": "UKI31"
},
"contactPoint": {
"email": "legalandcompliance@floodre.co.uk"
},
"roles": [
"buyer"
],
"details": {
"classifications": [
{
"id": "publicAuthorityCentralGovernment",
"scheme": "UK_CA_TYPE",
"description": "Public authority - central government"
}
]
}
},
{
"id": "GB-COH-SC286832",
"name": "aberdeen group plc",
"identifier": {
"scheme": "GB-COH",
"id": "SC286832"
},
"additionalIdentifiers": [
{
"scheme": "GB-PPON",
"id": "PRMJ-4297-QMHJ"
}
],
"address": {
"streetAddress": "1 George Street",
"locality": "Edinburgh",
"postalCode": "EH2 2LL",
"country": "GB",
"countryName": "United Kingdom",
"region": "UKM75"
},
"contactPoint": {
"email": "rosie.eden@aberdeenplc.com"
},
"roles": [
"supplier"
],
"details": {
"url": "https://www.aberdeenplc.com/en-gb",
"scale": "large",
"vcse": false,
"publicServiceMissionOrganization": false,
"shelteredWorkshop": false
}
}
],
"buyer": {
"id": "GB-COH-08670444",
"name": "FLOOD RE LIMITED"
},
"tender": {
"id": "ocds-h6vhtk-05dd8c",
"legalBasis": {
"id": "2023/54",
"scheme": "UKPGA",
"uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
},
"title": "Investment Manager Appointment and Onboarding",
"description": "Flood Re appointed a reputable asset manager for its PS1bn of assets. Looking for a partnership relationship with an asset management institution with strong brand and insurance asset management capabilities to assist in managing our investments in line with our investment risk appetite.",
"status": "complete",
"items": [
{
"id": "1",
"additionalClassifications": [
{
"scheme": "CPV",
"id": "66700000",
"description": "Reinsurance services"
}
],
"deliveryAddresses": [
{
"region": "UK",
"country": "GB",
"countryName": "United Kingdom"
}
],
"relatedLot": "1"
}
],
"value": {
"amountGross": 5460000,
"amount": 4550000,
"currency": "GBP"
},
"procurementMethod": "open",
"procurementMethodDetails": "Open procedure",
"mainProcurementCategory": "services",
"aboveThreshold": true,
"techniques": {
"hasElectronicAuction": true
},
"submissionMethodDetails": "https://procurementsolutions.esourcingportal.com/current_opportunities.cfm",
"submissionTerms": {
"electronicSubmissionPolicy": "allowed",
"languages": [
"en"
]
},
"tenderPeriod": {
"endDate": "2025-12-22T12:00:00Z"
},
"awardPeriod": {
"endDate": "2026-03-18T23:59:59Z"
},
"lots": [
{
"id": "1",
"status": "complete",
"value": {
"amountGross": 5460000,
"amount": 4550000,
"currency": "GBP"
},
"awardCriteria": {
"criteria": [
{
"type": "quality",
"name": "Capability",
"numbers": [
{
"number": 50,
"weight": "percentageExact"
}
]
},
{
"type": "quality",
"name": "Culture",
"numbers": [
{
"number": 20,
"weight": "percentageExact"
}
]
},
{
"type": "price",
"name": "Price",
"numbers": [
{
"number": 20,
"weight": "percentageExact"
}
]
},
{
"type": "quality",
"name": "Support",
"numbers": [
{
"number": 10,
"weight": "percentageExact"
}
]
}
]
},
"suitability": {
"sme": true
},
"contractPeriod": {
"startDate": "2026-04-01T00:00:00+01:00",
"endDate": "2036-04-01T23:59:59+01:00",
"maxExtentDate": "2039-04-01T23:59:59Z"
},
"hasRenewal": true,
"renewal": {
"description": "10 years minimum contract with the option to extend for an additional 36 months subject to approval."
}
}
],
"documents": [
{
"id": "conflictOfInterest",
"documentType": "conflictOfInterest",
"description": "Not published"
},
{
"id": "072348-2025",
"documentType": "tenderNotice",
"noticeType": "UK4",
"description": "Tender notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/072348-2025",
"datePublished": "2025-11-10T11:59:34Z",
"format": "text/html"
}
]
},
"language": "en",
"bids": {
"statistics": [
{
"id": "1",
"measure": "bids",
"value": 18,
"relatedLot": "1"
},
{
"id": "2",
"measure": "finalStageBids",
"value": 18,
"relatedLot": "1"
},
{
"id": "3",
"measure": "smeFinalStageBids",
"value": 0,
"relatedLot": "1"
},
{
"id": "4",
"measure": "vcseFinalStageBids",
"value": 0,
"relatedLot": "1"
}
]
},
"awards": [
{
"id": "1",
"title": "Investment Manager Appointment and Onboarding",
"status": "active",
"date": "2026-03-18T00:00:00Z",
"value": {
"amountGross": 3150000,
"amount": 2625000,
"currency": "GBP"
},
"mainProcurementCategory": "services",
"aboveThreshold": true,
"suppliers": [
{
"id": "GB-COH-SC286832",
"name": "aberdeen group plc"
}
],
"items": [
{
"id": "1",
"additionalClassifications": [
{
"scheme": "CPV",
"id": "66700000",
"description": "Reinsurance services"
}
],
"deliveryAddresses": [
{
"region": "UK",
"country": "GB",
"countryName": "United Kingdom"
}
],
"relatedLot": "1"
}
],
"contractPeriod": {
"startDate": "2026-07-03T00:00:00+01:00",
"endDate": "2031-07-02T23:59:59+01:00",
"maxExtentDate": "2033-07-01T23:59:59+01:00"
},
"hasRenewal": true,
"renewal": {
"description": "5 years minimum contract with the option to extend for an additional 24 months subject to Board approval"
},
"relatedLots": [
"1"
],
"documents": [
{
"id": "059030-2026",
"documentType": "awardNotice",
"noticeType": "UK6",
"description": "Contract award notice on Find a Tender",
"url": "https://www.find-tender.service.gov.uk/Notice/059030-2026",
"datePublished": "2026-06-23T14:51:18+01:00",
"format": "text/html"
}
],
"assessmentSummariesDateSent": "2026-03-18T00:00:00Z",
"milestones": [
{
"id": "1",
"type": "futureSignatureDate",
"dueDate": "2026-07-03T23:59:59+01:00",
"status": "scheduled"
}
]
}
]
}