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Insurance Brokerage Services

Network Rail Infrastructure Ltd

This public procurement record has 3 releases in its history.

Award

19 Oct 2026 at 15:52

UK6 - Contract Award Notice
Tender

11 May 2026 at 16:20

UK4 - Tender Notice
Planning

24 Feb 2026 at 14:02

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

Network Rail Infrastructure Limited procured insurance brokerage services for its railway businesses across the UK. The broker is to arrange sustainable, value-for-money insurance and risk transfer, advise on risk, manage claims and represent the client in the insurance market. The service starts with Network Rail Limited and its subsidiaries, then is expected to extend during rail industry reforms to DfT Operator Limited and, following its formation, Great British Railways. Maintaining continuous insurance cover through organisational and asset transfers is a central requirement, including changes to insured names, interests and contractual arrangements. Stations and other assets operated by train operators may also come within scope as reforms progress.

The procurement has been awarded to Willis Ltd; the award is recorded as pending. The award date was 19 October 2026, and the contract is scheduled to run from 1 January 2027 to 31 December 2029, with two possible one-year renewals extending the maximum period to 31 December 2031. The awarded value is £1,703,653.71 excluding VAT (£2,044,384.45 including VAT). This was a competitive flexible procedure with two stages: a supplier questionnaire followed by a single invitation to tender. Five bids reached the final stage. There was one lot, assessed on technical quality at 70% and commercial price at 30%. The contract period and renewal terms provide for a continuing service, while the requirements anticipate changes to the railway operating model.

This award shows that Network Rail seeks a substantial insurance broker able to serve complex railway infrastructure and operations across the UK, and to sustain cover while railway organisations and assets transfer between operators. Credible competitors will need strong technical insurance-broking capability, including risk advisory, claims handling and effective advocacy with insurers, alongside the capacity to manage changing insured parties, interests and contractual interfaces without disrupting coverage. The evaluation placed greater weight on technical quality than commercial price, so evidence of relevant rail-sector expertise, robust transition planning and high-quality claims and risk services is likely to matter more than price alone. The requirement is suitable for SMEs, although five suppliers competed at the final stage and none were SMEs; firms may need specialist rail expertise and delivery capacity, whether in-house or through suitable partners.

How relevant is this notice?

Notice Information

Notice Title

Insurance Brokerage Services

Notice Description

The provision of services will begin from 1st January 2027 with services initially for Network Rail Limited and its subsidiaries. During 2027 and the further UK Rail reform this will see broker services expand to include DfT Operator Limited as it merges with Network Rail for the formation of Great British Railways. Following the formation of Great British Railways, the Insurance Broking Services will be for the Great British Railways entity. The formation of Great British Railways is anticipated to be Q3 2027. More information of Rail Industry Reform is summarised later in this document. The key objectives includes: Secure sustainable, value-for-money insurance and risk transfer aligned to the evolving GBR operating model. Maintain uninterrupted coverage through organisational and asset transfers, including any change in insured names, interests, and contractual interfaces. Provide proactive risk advisory, claims excellence, and credible market advocacy that reflects the complexity of UK rail infrastructure, operations, and regulation. As part of planned reforms to the rail industry, including the establishment of Great British Railways (GBR), it is possible that stations and other associated assets currently operated by train operators contracted by the Secretary of State for Transport may also come within the scope of such contract although the timing and volume of such opportunities is not yet known.

Planning Information

Network Rail is conducting preliminary market engagement (PME) to assess the market's capability and appetite to deliver Insurance Brokerage services that are specific to the UK railway industry. This is not a call for competition, but a request for information to inform a potential future procurement exercise in accordance with the Procurement Act 2023 (PA23). We invite suppliers to respond to the following questions to help us understand market capacity, capability, and any barriers to participation. All questions can be found on Network Rails Esourcing Platform, BravoNR. A link to the opportunity listing can be found below: Please respond to the PME questionnaire using the following link - https://networkrail.bravosolution.co.uk/ PME Questionnaire should be sent to: jack.spence2@networkrail.co.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-065b12
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/098622-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

66518000 - Insurance brokerage and agency services

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
£500,000 £500K-£1M
Awards Value
£1,703,653 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 Oct 20261 weeks ago
Contract Period
1 Jan 2027 - 31 Dec 2029 3-4 years
Recurrence
2030-12-31

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Network Rail Infrastructure Ltd
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
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

Willis Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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