--- title: "NU/1898 Property & Professional Indemnity Insurance" ocid: "ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NEWCASTLE UNIVERSITY" published: "2023-04-26" --- # NU/1898 Property & Professional Indemnity Insurance Buyer: NEWCASTLE UNIVERSITY Current stage: Tender OCID: ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93.json) ## Summary The Newcastle University is conducting a tender process for Property & Professional Indemnity Insurance. The University aims to enter into a long-term agreement for a period of 4 years, starting on 1 August 2023. The tender deadline is set for 26th May 2023. The procurement falls under the main procurement category of services and is classified under insurance services. The tender is being managed by Arthur J. Gallagher Insurance Brokers Ltd. The delivery addresses for the tender are in England, United Kingdom. This tender opportunity presents a chance for insurance providers to engage with Newcastle University for a significant insurance contract. Businesses in the insurance services industry, particularly those offering property insurance services, could benefit from participating in this tender. The contract period extends from August 2023 to July 2027, providing a stable and potentially lucrative opportunity for successful bidders. Interested parties should contact the designated email addresses to participate in the tender process. ## Notice The University has issued a PIN (call for competition) for Property & Professional Indemnity insurances as required by Newcastle University. The tender process is being managed by Arthur J. Gallagher Insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements. Details of the University's risk profile are available from Arthur J. Gallagher Insurance Brokers. This may be amended from time to time to meet the changes in the University's requirements. The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement. The tender process is therefore being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer. It is the University's preference to enter into a longer term agreement for a period of 4 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2023 or for a single years plus 3 extension options for a further year. To participate in this exercise you should contact UKPublicSector@AJG.com and Leigh.Robinson@ncl.ac.uk ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fb7ec20d-3351-4c95-942a-40457c56cdf9 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Other - | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 26 Apr 2023 | | Submission deadline | 26 May 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Jul 2023 - 31 Jul 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £3,228,238 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | 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) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66510000 - Insurance services - 66515200 - Property insurance services ## Release History - 26 Apr 2023 at 09:55 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/fb7ec20d-3351-4c95-942a-40457c56cdf9 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/fb7ec20d-3351-4c95-942a-40457c56cdf9 26th April 2023 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.ncl.ac.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-b5fd17-487e0825-0528-462e-a445-001dba80ef93. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93.json.