Tender

Captive Insurance Management Services

NETWORK RAIL INFRASTRUCTURE LIMITED

This public procurement record has 3 releases in its history.

Tender

02 Mar 2026 at 15:58

UK4 - Tender Notice
PlanningUpdate

24 Nov 2025 at 14:38

UK2 - Preliminary Market Engagement Notice
Planning

24 Nov 2025 at 13:06

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

Network Rail Infrastructure Limited is seeking proposals for Captive Insurance Management Services, with the goal of re-tendering an existing contract. This tender specifically targets the areas of finance, insurance underwriting, claims handling, company governance, and more. The procurement process is currently at the tender stage, and interested parties can submit their proposals on Network Rail's e-tendering portal. Located in Guernsey, this contract involves financial and insurance services, and promises a substantial value of £1,925,000. The tender process is open to competitive bidding under a flexible procedure, with all submissions required by 7th April 2026. Key dates include the enquiry period concluding on 24th March 2026, and anticipated awarding by the end of August 2026.

This tender presents significant opportunities for growth, especially for businesses specialising in financial and insurance services. Small and medium-sized enterprises (SMEs) stand a competitive chance given the procurement categories. Companies with expertise in complex reinsurance, finance administration, and regulatory compliance will find this an attractive opportunity to manage a critical service with the potential for a one-year extension beyond the initial four-year contract period. Successful applicants will manage the services to ensure cost-effectiveness and regulatory compliance, with the service required to operate within Guernsey.

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Notice Information

Notice Title

Captive Insurance Management Services

Notice Description

Network Rail (NR) has a requirement to re-tender the contract for the Captive Insurance Management Services, which covers the following areas: i. Finance and Accounting ii. Insurance Underwriting iii. Insurance Claims Handling (for Permanent Total Disablement) and Management of Claims Funds iv. Company Governance (including accounting) v. Administration vi. Financial Crime vii. Data Protection OFFICIAL viii. Company Secretarial

Planning Information

Network Rail is conducting a Preliminary Market Engagement activity to assess the markets capability and appetite to deliver captive management services for the Network Rail Insurance Ltd (The Captive), our wholly owned subsidiary company regulated in Guernsey, and Tax domiciled in the UK. Indicative Scope of Services. The captive requires a specialist Captive Manager for the provision of services to operate and fully manage the company on a cost effective, and regulatory compliant basis. The required services broadly cover: I. Finance II. Insurance Underwriting (including direct writes and complex reinsurance arrangements) III. Insurance Claims Handling (on a limited basis for Benefit Disablement policies) IV. Company Governance (including accounting aligned to IFRS17 standards) V. Administration VI. Financial Crime VII. Data Protection VIII. Company Secretarial We request your comprehensive feedback on the following questions which can be accessed via the following link: https://forms.office.com/Pages/ResponsePage.aspx?id=4cMswn9dTU--A9WhWMyUCWxW-vQrfhVCsEtb2F2HVmpUOFFHR1g5OVVZOEg5U0ROTjMwWkdLNTlJQS4u which aim to drive better outcomes (performance, risk management, compliance) and value for money (efficiency, cost control, innovation) for this critical service that is required to be based in Guernsey. Procurement Approach The Procurement process is expected to commence in early February 2026 (estimated). This PME is for information purposes only; no tender documents are available at this stage. Interested suppliers are encouraged to express their interest for the forthcoming tender via the link: https://forms.office.com/Pages/ResponsePage.aspx?id=4cMswn9dTU--A9WhWMyUCWxW-vQrfhVCsEtb2F2HVmpUOFFHR1g5OVVZOEg5U0ROTjMwWkdLNTlJQS4u Suppliers interested and wishing to participate in the forcoming tender are required to submit an Expression of Interest (EOI) no later than 10 December 2025. Please note that any supplier failing to respond by this date may, at the discretion of Network Rail, be excluded from the tender process. Further details will be provided in due course This PME does not constitute a call for competition. Any procurement process will be published via Network Rail’s e-tendering portal Bravosolutions. Interested suppliers are encouraged to register on the Bravosolutions portal in order to access the tender when it is live. The intent is to inform a potential future procurement exercise, which will be conducted in accordance with the Procurement Act 2023 (PA23). Estimated Contract Duration The Initial Term of this Agreement shall be four (4) years commencing on 01 October 2026 and ending on 31 September 2030. Extension: The Agreement may be extended for one (1) additional year upon mutual written agreement by both parties, subject to the same terms and conditions unless otherwise agreed in writing.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05e75f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/018600-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,925,000 £1M-£10M
Lots Value
£1,925,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Mar 20266 days ago
Submission Deadline
7 Apr 20265 weeks to go
Future Notice Date
9 Feb 2026Expired
Award Date
Not specified
Contract Period
30 Sep 2026 - 30 Sep 2030 4-5 years
Recurrence
2030-09-30

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NETWORK RAIL INFRASTRUCTURE 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
SE1 8SW
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI45 Lambeth
Delivery Location
Not specified
Local Authority
Lambeth
Electoral Ward
Waterloo & South Bank
Westminster Constituency
Vauxhall and Camberwell Green

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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