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Middlesex First (MFL) Insurance

OPTIVO

This public procurement record has 2 releases in its history.

Award

09 Oct 2026 at 12:36

UK6 - Contract Award Notice
Award

09 Oct 2026 at 12:26

UK5 - Transparency Notice
Summary of the contracting process

Southern Housing procured insurance services for Middlesex First (MFL), covering a specialist Public Finance Initiative (PFI) insurance programme. The requirement relates to insurance arrangements for the existing PFI portfolio and the associated contractual and operational obligations. The work is insurance provision, rather than construction or general housing services. Delivery is in London. The procurement was managed by Southern Housing, a public authority. This requirement is particularly relevant to insurance brokers and insurers with experience arranging and maintaining cover for PFI projects, where continuity of existing arrangements and specialist market knowledge are important.

The procurement is complete and Arthur J. Gallagher Insurance Brokers Limited was selected through a direct award. The award was made on 9 October 2026, with a gross value of £500,000, inclusive of Insurance Premium Tax and not VAT. The contract period runs from 21 October 2026 to 20 October 2029. Southern Housing justified the direct award on the basis that the incumbent was considered the only supplier able to provide the specialist PFI insurance arrangements while maintaining continuity of cover and market stability during a transitional period. The buyer considered a change of insurer would risk the continuity and effectiveness of the arrangements. The stated intention is to compete future insurance requirements in 2029.

For suppliers assessing similar work from Southern Housing, the award shows demand for specialist PFI insurance rather than a general insurance service. A credible competitor would need to demonstrate the technical expertise and market access to arrange insurance for an established PFI portfolio, together with the capacity to maintain effective cover and continuity while existing contractual and operational obligations remain in place. The buyer cited limited provider appetite and capacity in this specialist market, and identified continuity and market stability as material considerations. Brokers or insurers able to manage a transition without disrupting existing arrangements would therefore be well placed to compete when the requirement returns to the market. No specific accreditation or other qualification is identified.

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Notice Information

Notice Title

Middlesex First (MFL) Insurance

Notice Description

Provision of insurance for Middlesex First (MFL).

Procurement Information

The proposed direct award relates to the provision of a specialist Public Finance Initiative (PFI) insurance programme. It is considered the incumbent provider is currently the only supplier capable of delivering the required specialist PFI insurance arrangements whilst maintaining continuity of cover and market stability during a transitional period. The PFI insurance market is highly specialised, with limited provider appetite and capacity. A change of insurer at this stage would introduce material risk to the continuity and effectiveness of insurance arrangements, potentially impacting the management of existing contractual and operational obligations associated with the PFI portfolio. Continuity of service is considered critical whilst the organisation undertakes a broader review and alignment of its insurance provision. The organisation's intention is to undertake a full competitive procurement exercise for its future insurance requirements in 2029. The value declared is inclusive of Insurance Premium Tax and not VAT.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0784b2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/095641-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

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

Notice Dates

Publication Date
9 Oct 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
9 Oct 20262 weeks ago
Contract Period
21 Oct 2026 - 20 Oct 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OPTIVO
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
EC1M 5LA
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

Arthur J. Gallagher Insurance Brokers Ltd

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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