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Corporate Property, Liability and Terrorism insurance for the Insurance London Consortium (ILC)

London Borough of Croydon

This public procurement record has 4 releases in its history.

Tender

28 Sep 2026 at 17:50

UK4 - Tender Notice
Planning

27 May 2026 at 16:09

UK2 - Preliminary Market Engagement Notice
PlanningUpdate

22 Apr 2026 at 10:53

UK1 - Pipeline Notice
Planning

22 Apr 2026 at 10:14

UK1 - Pipeline Notice
Summary of the contracting process

Seven London boroughs—Croydon, Camden, Haringey, Harrow, Islington, Lambeth and Tower Hamlets—are procuring corporate insurance through the Insurance London Consortium, with Croydon acting for the group. The requirement is divided into property, terrorism and casualty insurance. Property cover is for damage to buildings, contents, infrastructure, plant, equipment and other assets owned, leased or managed by the boroughs, including associated business interruption or lost revenue where applicable. Terrorism cover protects property and related financial losses from terrorist acts. Casualty cover includes public, employers’ and products liability, officials’ and members’ liability, and, where applicable, professional indemnity and abuse and molestation liability. The insurance covers the consortium’s activities across the United Kingdom.

The buyer invited offers through an open procedure. The contract is divided into three lots: property, terrorism and casualty insurance, with bids permitted for the relevant insurance lines. The stated contract period runs from 1 April 2027 to 31 March 2032. The estimated values are £28.7 million for property, £1.7 million for terrorism and £13.7 million for casualty, excluding VAT. Offers were due by 6 November 2026 at 12 noon; the stated deadline for award was 18 January 2027. Each lot is evaluated on price, weighted at 60%, and quality, weighted at 40%. Property and casualty lots accept insurer-led bids; the terrorism lot accepts broker-led bids. Bids may be submitted electronically in English.

This opportunity is suited to insurers with the underwriting capability and capacity to provide multi-borough public-sector property or casualty programmes over a substantial portfolio. Property bidders should be able to cover diverse public assets and assess material-damage exposure alongside business interruption or revenue-loss risks. Casualty bidders need the ability to structure relevant liability covers, including employers’, public and products liability and, where applicable, professional indemnity, officials’ and members’ liability, and abuse and molestation liability. The property and casualty lots are restricted to insurer-led bids, so brokers seeking to lead those bids are not the intended route. The terrorism lot is suitable for brokers able to arrange terrorism protection and explain cover scope, limits, exclusions and Pool Re or equivalent reinsurance arrangements; broker-led bids are accepted for that lot. All lots balance price with quality.

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Notice Information

Notice Title

Corporate Property, Liability and Terrorism insurance for the Insurance London Consortium (ILC)

Notice Description

The procurement of Corporate Property, Liability and Terrorism insurance for the Insurance London Consortium (ILC): London Borough of Croydon London Borough of Camden London Borough of Haringey London Borough of Harrow London Borough of Islington London Borough of Lambeth London Borough of Tower Hamlets The procurement is divided into the following 3 lots: Lot 1 - Property Lot 2 - Terrorism Lot 3 - Casualty The Authorities intend to award a contract for a period of five (5) years. Contracting Authority: London Borough of Croydon, Bernard Weatherill House, 8 Mint Walk, Croydon CR0 1EA on behalf of; London Borough of Camden London Borough of Haringey London Borough of Harrow London Borough of Islington London Borough of Lambeth London Borough of Tower Hamlets

Lot Information

Property

- Lot 1 - Property Insurance - Insurer led bids only Provision of property damage insurance covering, as appropriate, buildings, contents, infrastructure, plant and equipment and other assets owned, leased or managed by consortium members. Cover shall include material damage risks and associated business interruption or loss of revenue where applicable.

Terrorism Insurance

- Lot 2 - Terrorism Insurance - Broker led bids accepted Provision of terrorism insurance protecting insured property and associated financial losses arising from acts of terrorism, including physical damage and any applicable consequential losses. Tenderers should detail the scope of cover, limits, exclusions and any arrangements involving Pool Re or equivalent terrorism reinsurance facilities.

Casualty Insurance

- Lot 3 - Casualty Insurance - Insurer led bids only Provision of casualty insurance programmes comprising, where required: o Public Liability o Employers' Liability o Products Liability o Officials' and Members' Liability o Professional Indemnity (where applicable) o Abuse and Molestation Liability (where applicable) o Other related liability covers identified within the Schedule of Requirements.

Planning Information

Objectives of Market Engagement: to provide insurers with a greater understanding of the consortium and it's risks Indicative Engagement Dates: September 2026 Location or Delivery Method (Virtual / In-person): combination Insurer day: Lots 1 and 2 Property and Casualty including Officials Indemnity and Professional Indemnity, insurer day in person 8th September Lot 3 Terrorism - teams meeting to be held. Date TBC Instructions for Participation How to Participate: contact Kirsteen Kett at Aon Kirsteen.kett@aon.co.uk Response Deadline: 31st May 2026

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-068826
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/091611-2026
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
Open procedure
Tender Suitability
Not specified
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
£44,100,000 £10M-£100M
Lots Value
£44,100,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Sep 20262 weeks ago
Submission Deadline
6 Nov 20264 weeks to go
Future Notice Date
31 Aug 2026Expired
Award Date
Not specified
Contract Period
1 Apr 2027 - 31 Mar 2032 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
London Borough of Croydon
Additional Buyers

London Borough of Camden

London Borough of Haringey

London Borough of Harrow

London Borough of Islington

London Borough of Lambeth

Tower Hamlets

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CROYDON
Postcode
CR0 1EA
Postcode Area
Croydon
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
Not specified
Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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