---
title: "Insurance Brokerage Service 2023"
ocid: "ocds-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2023-10-25"
---

# Insurance Brokerage Service 2023

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf.json)

## Summary

The Bank of England has awarded a contract for Insurance Brokerage Service 2023. The procurement method used was selective, with a total value of £130,000 in GBP. The contract period starts on July 1, 2023, and ends on June 30, 2028. The procurement stage was at the award stage, with the tender period ending on May 22, 2023. The service falls under the main procurement category of services, with the Bank headquartered in London, England.

This tender for Insurance Brokerage Service 2023 by the Bank of England offers opportunities for businesses to provide insurance brokerage services to a large-scale financial institution. Small and medium-sized enterprises (SMEs) are welcome to participate in this selective procurement process. Businesses in the insurance services industry, particularly those experienced in working with financial institutions, would be well-suited to compete for this opportunity and support the Bank in obtaining the most suitable insurance services for its needs.

## Notice

The requirement is for a full insurance brokerage service that will assist the Bank in obtaining 'best value' insurance services / policies with appropriate cover to protect the Bank's interests. The broker is also required to assist the Bank in a consolidated insurance package tender in 2024.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/891261f4-0032-41aa-878f-ed57211317e9 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Oct 2023 |
| Submission deadline | 22 May 2023 |
| Future notice date | Not specified |
| Award date | 7 Jun 2023 |
| Contract period | 30 Jun 2023 - 30 Jun 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £130,000 |
| Lots value | Not specified |
| Awards value | £130,000 |
| 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 | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| 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 | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| 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 | WILLIS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 25 Oct 2023 at 11:52 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/891261f4-0032-41aa-878f-ed57211317e9

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/891261f4-0032-41aa-878f-ed57211317e9
  25th October 2023 - 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-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7dbfad32-c515-42f3-8859-b904d3a18edf.json.