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Insurance for council owned Art works for 2026 / 2027

London Borough of Southwark

This public procurement record has 1 release in its history.

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12 Oct 2026 at 17:23

UK7 - Contract Details Notice
Summary of the contracting process

The London Borough of Southwark procured insurance services for its council-owned artworks. The cover was placed with underwriters through Arthur J Gallagher (UK) Ltd. The insured artworks are associated with Southwark, London. This is a specialist insurance requirement centred on protecting a public authority’s art collection, rather than general council insurance.

The procurement is complete and the contract is active. Southwark used a below-threshold limited competition for a single lot. Arthur J Gallagher was selected, with the insurance placed through the company with certain underwriters. The contract was signed on 5 October 2026 and runs from 6 October 2026 to 5 October 2027. Its value is £23,788.03 excluding VAT (£26,642.59 including VAT). The procurement was for the 2026/27 insurance period. No detailed evaluation criteria are stated in the available procurement information.

This award shows Southwark’s demand for insurance tailored to council-owned artworks, sourced through a limited competition and brokered with underwriters. Suppliers competing for a future requirement of this kind would need to demonstrate the ability to arrange suitable specialist cover for an art collection, access to appropriate underwriting capacity, and experience managing insurance for public-sector-owned artworks. A credible offer would need to address the risks associated with the collection and provide a dependable route from broking to placement with insurers. The contract was awarded to an insurance intermediary, so brokers with relevant insurer relationships are well placed to compete; underwriters may be relevant where they can provide the required cover through an intermediary or directly.

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Notice Information

Notice Title

Insurance for council owned Art works for 2026 / 2027

Notice Description

Insurance for council owned Art works for 2026 / 2027. Insurance is placed with certain underwriters via Arthur J Gallagher (UK) Ltd

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-07860f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/096301-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
SME

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
Not specified
Contracts Value
£23,788 Under £100K

Notice Dates

Publication Date
12 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
6 Oct 2026 - 5 Oct 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
London Borough of Southwark
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 2QH
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)
TLI44 Lewisham and Southwark
Delivery Location
Not specified
Local Authority
Southwark
Electoral Ward
London Bridge & West Bermondsey
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

Arthur J Gallagher Ltd

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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