---
title: "Insurance Tender 2024 -2029"
ocid: "ocds-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "CAPITALESOURCING"
published: "2024-04-19"
---

# Insurance Tender 2024 -2029

Buyer: CAPITALESOURCING  
Current stage: Award  
OCID: ocds-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349.json)

## Summary

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender for various insurance lots, including liability, terrorism, directors & officers liability, crime, PA and travel, school journey, motor fleet, and engineering inspection, to suppliers such as Zurich Insurance Company PLC, Lloyd's Market via Marsh Limited, and Aon UK Limited. The procurement method used was a Competitive Procedure with Negotiation. The contract will be in place for an initial five-year period, allowing for annual index-linked premiums to reflect inflation rates and ensuring adequate insurance coverage for the Council's assets. The tender had a final submission deadline of February 19, 2024.

This insurance tender by the RBKC presents opportunities for large-scale insurance companies to provide specialized coverage on various categories to the Council. The suppliers selected have demonstrated their expertise in the insurance industry and their ability to meet the technical specifications outlined in the tender. Companies operating in the insurance sector, especially those proficient in providing comprehensive coverage for public sector assets, would be well-suited to compete for similar future tenders with RBKC or other public authorities looking for quality insurance services.

## Notice

The Royal Borough of Kensington & Chelsea (RBKC) has awarded insurance tender to the below lots : Lot 2 Combined Liability -Zurich Insurance Company PLC (UK Branch) trading as Zurich Municipal BR000105 Lot 3 Terrorism- Lloyd's Market via Marsh Limited Co. Reg. 01507274 Lot 4 Director & Officers Liability- Lloyd's Market via Marsh Limited Co. Reg. 01507274 Lot 5 Crime - Zurich Insurance Company PLC (UK Branch) trading as Zurich Municipal BR000105 Lot 6 PA and Travel - Aon UK Limited Trading as Maven Public Sector 210725 Lot 7 School Journey - Zurich Insurance Company PLC (UK Branch) trading as Zurich Municipal BR000105 Lot 8 Motor Fleet- Zurich Insurance Company PLC (UK Branch) trading as Zurich Municipal BR000105 Lot 10 Engineering Inspection - Zurich Insurance Company PLC (UK Branch) trading as Zurich Municipal BR000105 The Contract Award Criteria was based on the technical specification, which invited bidders to provide policy coverage and claims handling requirements. Tenders were invited on the basis that insurance contracts would be awarded to the tenderers submitting the most economically advantageous tender. The contract opportunities were forwarded to a select number of insurance providers on the Council's e-tendering portal - Capital eSourcing. - The Competitive Procedure with Negotiation (CPN) was used. The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/cfdfb0fa-72d8-4c32-bf35-1e79bb389e15 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive procedure with negotiation (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Apr 2024 |
| Submission deadline | 19 Feb 2024 |
| Future notice date | Not specified |
| Award date | 15 Mar 2024 |
| Contract period | 31 Mar 2024 - 2 Apr 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £4,251,778 |
| Lots value | Not specified |
| Awards value | £4,251,778 |
| 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 | CAPITALESOURCING |
| Locality | LONDON |
| Post town | West London |
| Postcode | W8 7NX |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI33 Kensington & Chelsea and Hammersmith & Fulham |
| Local authority | Kensington and Chelsea |
| Electoral ward | Campden |
| Westminster constituency | Kensington and Bayswater |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 3 |
| Supplier names | AON UK LIMITED TRADING AS MAVEN PUBLIC SECTOR 210725; LLOYD'S MARKET VIA MARSH LIMITED CO. REG. 01507274; ZURICH INSURANCE COMPANY PLC (UK BRANCH) TRADING AS ZURICH MUNIC |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 19 Apr 2024 at 12:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/cfdfb0fa-72d8-4c32-bf35-1e79bb389e15

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/cfdfb0fa-72d8-4c32-bf35-1e79bb389e15
  19th April 2024 - 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-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-934842d9-1456-4b86-a54a-d8af4df34349.json.