---
title: "NU/1819 Insurance Brokering Service"
ocid: "ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NEWCASTLE UNIVERSITY"
published: "2023-03-07"
---

# NU/1819 Insurance Brokering Service

Buyer: NEWCASTLE UNIVERSITY  
Current stage: Award  
OCID: ocds-b5fd17-22176c21-c243-4f88-a4d1-93d073fc456d

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## Summary

Newcastle University has awarded a contract for insurance brokering services to Arthur J Gallagher Insurance Brokers Ltd. The contract, titled "NU/1819 Insurance Brokering Service," has a total value of £36,500 and runs from 1st March 2023 to 28th February 2025. The procurement stage was initiated as a tender process, with the tender period ending on 23rd January 2023. The location of the service delivery is in England, United Kingdom, and the industry category is insurance brokerage services.

This opportunity for business growth is suitable for small and medium-sized enterprises (SMEs) looking to provide insurance brokering services. Businesses with expertise in insurance products, risk management, claims handling, and market analysis would be well-suited to compete. Newcastle University, as the buying organisation, seeks a supplier to work closely with them on insurance tendering exercises, risk management, claims handling, and ensuring compliance with procurement directives. The awarded contract offers a chance for businesses to demonstrate value for money, best practices, and expertise in the insurance sector.

## Notice

The scope of this contract is for the supply of an insurance brokering service including, but not limited to, the following: - * To work with the University on the full insurance tendering exercise for insurance products * Review and provide advice on the levels and types of cover appropriate for the University including the development and implementation of an insurance programme for the University * Assistance and advice on and negotiation of, renewal terms and premiums, including pre-renewal meetings * Advice on and full compliance with the Above Threshold Procurement Directives for implementing renewals * Operational Risk Management advice, support and guidance based on insurance programme and activities of the university * Issuance of policy documentation * Provision of template documents * Summary of cover for all policies * Provision of webpages for main policies * Full claims management service including: o Administration and support o Liaison with loss adjusters /assessors o Additional support on major claims o Site visits following loss or damage o Provision of monthly and quarterly claims report o Day to day support including technical/specialist advice * Advising on best practice in terms of procedures and processes used by the University in its insurance administration ensuring that the University is kept up to date on any development or change in the insurance market * Full use of IT to facilitate record keeping, analysis of data and speedy communication * Benchmarking University insurance strategy against best practice * Advice and proposals for increasing value for money * Annual Service Review meetings * Access to whole of market policies for general and specialist insurances including international exposures such as for our campuses in Singapore and Malaysia where required.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/064bde86-2447-46fe-989b-7ef864bb6650 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Mar 2023 |
| Submission deadline | 23 Jan 2023 |
| Future notice date | Not specified |
| Award date | 23 Feb 2023 |
| Contract period | 7 Mar 2023 - 28 Feb 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £36,500 |
| Lots value | Not specified |
| Awards value | £36,500 |
| 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 | NEWCASTLE UNIVERSITY |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE1 7RU |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Monument |
| Westminster constituency | Newcastle upon Tyne Central and West |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ARTHUR J GALLAGHER INSURANCE BROKERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66518100 - Insurance brokerage services

## Release History

- 7 Mar 2023 at 08:33 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/064bde86-2447-46fe-989b-7ef864bb6650

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/064bde86-2447-46fe-989b-7ef864bb6650
  7th March 2023 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://www.ncl.ac.uk

## Provenance

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