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Insurance Broker Services

MAG AIRPORT LIMITED

This public procurement record has 2 releases in its history.

TenderUpdate

14 Apr 2026 at 17:53

UK4 - Tender Notice
Tender

14 Apr 2026 at 15:43

UK4 - Tender Notice
Summary of the contracting process

MAG Airport Limited is actively engaged in the procurement process for insurance broker services, with the tender recently updated on 14th April 2026. The contract aims to establish a long-term partnership with a specialist insurance broker to support Manchester Airport Group's operations within a complex commercial and regulatory environment. The tender is categorised under insurance brokerage services, and potential vendors are required to participate in a competitive flexible procedure. The procurement is currently in the 'Tender' stage with the next critical deadline for expressing interest set for 11th May 2026. The contract, valued at £3 million, entails multiple risk transfer services essential to MAG’s strategic objectives and operational continuity. Businesses need to submit their interest via the SAP Ariba portal, ensuring compliance with procedural terms specified by MAG's procurement team.

This tender provides an excellent opportunity for insurance brokers with a significant capacity for advising on risk strategy and managing diverse insurance programmes. Prospective bidders should be financially stable, accredited, and possess proficiency in areas such as property damage, business interruption, cyber risks, liability, and engineering inspections. As the procurement method is selective, the procedure includes a series of pre-qualification questionnaires, negotiations, and final offers, demanding high technical expertise and commercial acumen. This contract spans an initial period of five years with extensions possible, offering substantial business growth potential for qualifying companies. Vendors with an impressive track record in dealing with dynamic insurance environments will find their skills well-aligned to the demands of MAG's strategic operations. The procurement also promises flexibility, allowing MAG to potentially expand the services procured to new airport acquisitions.

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Notice Information

Notice Title

Insurance Broker Services

Notice Description

Manchester Airports Group (MAG) is seeking a long-term Insurance Broker Partner. MAG operates within a complex commercial and regulatory environment while maintaining a diverse, evolving risk profile. Effective insurance arrangements are essential to supporting operational continuity, financial resilience, and MAGs wider strategic objectives. Key policies taken out by MAG annually include: * Property Damage and Business Interruption * Airport Owners and Operators Liability * Cyber * Motor * Employers Liability * Directors and Officers Liability * Engineering Inspection and Insurance * A portfolio of insurance for the CAVU business Insurance brokers play a critical role in advising on risk transfer strategy, insurance programme design, placement of cover, insurer engagement, and claims management. Given the specialist nature of these services and the importance of robust governance and market expertise, MAG requires access to suitably experienced, financially stable, and professionally accredited insurance brokers. MAGs current insurance brokerage arrangements are approaching expiry. In addition, ongoing changes within the insurance market, including pricing volatility, insurer capacity constraints, and increased regulatory and governance expectations, necessitate a formal competitive procurement process.

Lot Information

Lot 1

Options: MAG shall have the option to procure any goods, services, and/ or consultancy that relate to or are ancillary to the main purpose of the contract notice and / or that are required in order to receive the benefit of the applicable goods or services being procured. In the event that MAG acquires any other airport(s), we also reserve the right to potentially procure similar Services for these airport(s) through the contract.

Renewal: This contract will last for an initial period of 5 years with the option to extend for +2 years, +2 years, taking it through to 9 years in total. MAG have estimated the contract value at PS3Million, however MAG expect the commercial proposals to be lower.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06823c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033954-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518000 - Insurance brokerage and agency services

Notice Value(s)

Tender Value
£3,000,000 £1M-£10M
Lots Value
£3,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Apr 20264 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2026 - 31 Oct 2031 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
MAG AIRPORT 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
MANCHESTER
Postcode
M90 1QX
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified
Local Authority
Manchester
Electoral Ward
Woodhouse Park
Westminster Constituency
Wythenshawe and Sale East

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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