---
title: "Insurance Tender - Property Lot 1 Awards 2024-2029"
ocid: "ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "CAPITALESOURCING"
published: "2024-04-18"
---

# Insurance Tender - Property Lot 1 Awards 2024-2029

Buyer: CAPITALESOURCING  
Current stage: Award  
OCID: ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57.json)

## Summary

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender titled "Insurance Tender - Property Lot 1 Awards 2024-2029" to Protector Insurance for the delivery of Property insurance. The procurement process was conducted using the Open procedure through the Council's capitalEsourcing portal. The contract has a value of 3,310,440 GBP and includes various insurance services across different lots. The tender was open for 30 days, starting from 19th January 2024, and closed on 19th February 2024. The contract period is set to run from 1st April 2024 to 2nd April 2029.

This tender presents business growth opportunities for companies operating in the insurance sector, particularly those providing property insurance services. It is suited for large-scale insurance companies looking to secure long-term contracts with public authorities. By engaging in this tender, businesses can expand their portfolios and revenue streams. The stringent requirements ensure that successful bidders can showcase their expertise in providing comprehensive insurance coverage tailored to the needs of the Royal Borough of Kensington & Chelsea. The annual index-linked premiums and adjustment based on claims loss ratio provide a mechanism for continuous evaluation and improvement over the contract duration.

## Notice

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Property Lot 1 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Property insurance. The contract is split into 10 Lots as follows: Lot 1: Property Lot 2: Combined Liability Lot 3: Terrorism Lot 4: Director & Officers Liability Lot 5: Crime Lot 6: PA and Travel Lot 7: School Journey Lot 8: Motor Fleet Lot 9: Residential leasehold buildings Lot 10 Engineering Inspection The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024. The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance. Additionally, the rate applied by the insurers may be adjusted dependent on the claims loss ratio.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/595082f9-9156-4760-9182-a099b7744084 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Apr 2024 |
| Submission deadline | 19 Feb 2024 |
| Future notice date | Not specified |
| Award date | 4 Mar 2024 |
| Contract period | 31 Mar 2024 - 2 Apr 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,310,440 |
| Lots value | Not specified |
| Awards value | £3,310,440 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | CAPITALESOURCING |
| Locality | HORNTON STREET LONDON |
| Post town | West London |
| Postcode | W8 7NX |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI33 Kensington & Chelsea and Hammersmith & Fulham |
| Local authority | Kensington and Chelsea |
| Electoral ward | Campden |
| Westminster constituency | Kensington and Bayswater |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PROTECTOR FORSIKRING |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services
- 66515200 - Property insurance services

## Release History

- 18 Apr 2024 at 11:49 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/595082f9-9156-4760-9182-a099b7744084

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/595082f9-9156-4760-9182-a099b7744084
  18th April 2024 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57.json.