Insurance Policies - December Renewals (Property, Business Interruption, Contract Works and Money)

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

This public procurement record has 4 releases in its history.

Tender

03 Jun 2026 at 11:09

Planning

14 May 2026 at 11:59

Planning

13 May 2026 at 13:50

Planning

23 Apr 2026 at 15:39

Summary of the contracting process

The procurement process, led by The Mayor and Commonalty and Citizens of the City of London, is for the provision of insurance services, specifically covering property, business interruption, contract works, and money. Under the title "Insurance Policies - December Renewals," this tender falls under the industry category of property insurance services. Located in the City of London, the procurement is currently in the tender stage as of 3rd June 2026, with key dates including an expression of interest deadline on 19th June 2026 and an enquiry period ending on 15th June 2026. The procurement method employed is a selective and competitive flexible procedure, and the contract value is estimated at approximately £99.3 million. The contract is set to commence on 25th December 2026 and conclude on 24th December 2029, with a possible extension up to two additional years.

This tender presents robust opportunities for business growth, particularly for firms specialising in property insurance services. Companies with expertise in handling large-scale insurance operations and possessing strong capabilities in risk assessment and management would be well-suited to compete. The procurement is structured to include a negotiation phase, allowing businesses to refine their offers. Enterprises focusing on technical quality, commercial viability, and responsible procurement are likely to excel due to the emphasis on these award criteria. Additionally, businesses will have the chance to secure a significant three-year contract with potential for renewal, aligning well with organisations seeking long-term partnerships in the insurance sector.

How relevant is this notice?

Notice Title

Insurance Policies - December Renewals (Property, Business Interruption, Contract Works and Money)

Notice Description

The City Corporation procures property insurance cover to limit the financial consequences arising out of significant damage to its assets and to meet its contractual obligations to leaseholders. The property insurance schedule consists of some 700 buildings/structures covering corporate, investment and residentail estates with a total insured value of c.PS23BN. The property insurance will cover the cost of repair or replacement arising out of material damage to buildings/structures, contents, stock, and computers, and the consequential financial losses arising out of a comprehensive range of insured events. Included in the scope of the contract will be buildings/structures, contents, stock, computers, rent and business interruption values.

Lot Information

Lot 1

Renewal: The contract may be extended by up to two years at the City's sole discretion.

Planning Information

Suppliers are required to express their interest in participating in the Insurer Day by responding to the opportunity published on the Jaggaer e-tendering portal. Suppliers can register free of charge via the following portal: https://cityoflondon.ukp.app.jaggaer.com/ Once registered, suppliers can access the opportunity to express interest in participating in the Insurer Day by clicking the following link: https://cityoflondon.ukp.app.jaggaer.com/go/74732005019E264F92EB The deadline to express interest in participating is Wednesday 27 May at midday. Participation is not mandatory for submission of the tender. The presentation slides will be uploaded alongside the opportunity.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-068a0b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/052286-2026
Current Stage
Tender
All Stages
Planning, 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

66515200 - Property insurance services

Notice Value(s)

Tender Value
£99,300,000 £10M-£100M
Lots Value
£99,300,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jun 20263 weeks ago
Submission Deadline
15 Jun 2026Expired
Future Notice Date
3 Jun 2026Expired
Award Date
Not specified
Contract Period
25 Dec 2026 - 24 Dec 2029 3-4 years
Recurrence
2031-06-02

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CITY OF LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified

Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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