---
title: "Political and Credit Risk Insurance"
ocid: "ocds-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UK EXPORT FINANCE"
published: "2023-09-01"
---

# Political and Credit Risk Insurance

Buyer: UK EXPORT FINANCE  
Current stage: Award  
OCID: ocds-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0.json)

## Summary

The UK Export Finance has awarded a contract for Political and Credit Risk Insurance through a selective procurement process. The contract, with a total value of 2 million GBP, was awarded to multiple framework suppliers. The contract period runs from 1st August 2023 to 31st July 2030. The tender closed on 1st June 2023 and the buying organisation is located at 1 Horse Guards Road, London, SW1A 2HQ. The main procurement category is services.

This tender for Political and Credit Risk Insurance presents an opportunity for large-scale insurance companies to compete. Businesses like AXA XL Insurance Company UK Limited, Lloyd's Underwriter Syndicate No. 1084, Lloyd's Underwriter Syndicate No. 2001 (MS Amlin), Fidelis Underwriting Limited, and others were awarded the contract. The buying organisation, UK Export Finance, has finalised the contract, offering growth potential for firms in the insurance services sector. The procurement method was selective, with a call-off from a framework agreement.

## Notice

This is a contract for political and credit risk insurance, awarded to multiple framework suppliers. The total value of the contract does not exceed the value stated above.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/213afd8d-57d4-4c37-93ae-c5c5d587adaa |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Sep 2023 |
| Submission deadline | 1 Jun 2023 |
| Future notice date | Not specified |
| Award date | 31 Jul 2023 |
| Contract period | 31 Jul 2023 - 31 Jul 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,000,000 |
| Lots value | Not specified |
| Awards value | £3,000,000 |
| 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 | UK EXPORT FINANCE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2HQ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 9 |
| Supplier names | AXA XL INSURANCE; FIDELIS UNDERWRITING; LLOYD'S UNDERWRITER SYNDICATE NO. 1084 (CHAUCER; LLOYD'S UNDERWRITER SYNDICATE NO. 1221 (HARTFORD; LLOYD'S UNDERWRITER SYNDICATE NO. 1414 (ASCOT; LLOYD'S UNDERWRITER SYNDICATE NO. 2001 (MS AMLIN; LLOYD'S UNDERWRITER SYNDICATE NO. 3000 (MARKEL; LLOYD'S UNDERWRITER SYNDICATE NO. 3902 (ARK; LLOYD'S UNDERWRITER SYNDICATE NO. 4444 (CANOPIUS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 1 Sep 2023 at 11:08 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/213afd8d-57d4-4c37-93ae-c5c5d587adaa

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/213afd8d-57d4-4c37-93ae-c5c5d587adaa
  1st September 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/fbdd5482-b679-4003-89e5-575f592fe79d

## 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-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-4957ec61-b806-4058-8e02-faea36f4f7f0.json.