---
title: "T1115 - UMAL Insurance Broker"
ocid: "ocds-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UNIVERSITY OF ESSEX"
published: "2025-06-05"
---

# T1115 - UMAL Insurance Broker

Buyer: UNIVERSITY OF ESSEX  
Current stage: Award  
OCID: ocds-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed)  
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## Summary

The University of Essex, acting as the buying organisation, has completed the procurement process for the "T1115 - UMAL Insurance Broker" contract, involving financial and insurance services under CPV code 66000000. The procurement was conducted using a selective method, specifically a restricted procedure (above threshold). The contract spans many locations, including the United Kingdom, Isle of Man, Channel Islands, British Oversea Territories, and globally. The tender process concluded on 20 January 2025, with the contract period scheduled from 1 August 2025 to 31 July 2030. The total contract value is £125,000,000, awarded to Lockton LLP, reflecting an active award status as of 5 June 2025.

This tender presents significant opportunities for insurance brokers with international expertise, especially those capable of handling complex risk management and insurance placement locally and abroad. Businesses adept in providing wholesale insurance broking services and managing diverse insurance needs, including professional indemnity, directors and officers liability, crime, and cyber insurance, stand to benefit. The project, suited for small and medium enterprises (SMEs), offers avenues for substantial business growth by serving the insurance needs of UMAL and its members, making it a lucrative opportunity for qualified firms within the financial and insurance industry sectors.

## Notice

UMAL needs to secure the services of a UK-based insurance broker with experience, expertise and capacity to act as an intermediary between UMAL and the insurance market (i.e. insurers, reinsurers, and other risk financing institutions). The broker will be required to assist with insurance needs of UMAL which include: a. Placing Insurance risks with insurers (both local and international) b. Ensuring adequate insurance for all UMAL exposures c. Providing wholesale insurance broking services for HMSL on behalf of its Members d. Covering the entity risks of UMAL, which includes i. Office Insurance and related covers ii. Professional Indemnity iii. Directors and Officers for UMAL Directors and officers iv. Crime v. Cyber

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7e34aae0-63cd-4ec2-b3f9-d13b83360a24 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Jun 2025 |
| Submission deadline | 20 Jan 2025 |
| Future notice date | Not specified |
| Award date | 4 Jun 2025 |
| Contract period | 31 Jul 2025 - 31 Jul 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £125,000,000 |
| Lots value | Not specified |
| Awards value | £125,000,000 |
| 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 | UNIVERSITY OF ESSEX |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 6AB |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Lime Street |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LOCKTON |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66510000 - Insurance services
- 66518000 - Insurance brokerage and agency services
- 66518100 - Insurance brokerage services

## Release History

- 5 Jun 2025 at 11:56 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7e34aae0-63cd-4ec2-b3f9-d13b83360a24
- 5 Jun 2025 at 11:53 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7e34aae0-63cd-4ec2-b3f9-d13b83360a24
- 13 Dec 2024 at 12:57 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/b6ef84c4-e856-432a-b78e-2d9a3f2af133

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7e34aae0-63cd-4ec2-b3f9-d13b83360a24
  5th June 2025 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/b6ef84c4-e856-432a-b78e-2d9a3f2af133
  13th December 2024 - Opportunity notice on Contracts Finder
- https://supplierlive.proactisp2p.com/Account/Login?cid=UNIESSEX
  For further details and to register your interest please go to

## Notice URLs

- https://umal.co.uk/

## 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-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed.json.