---
title: "Insurance Linked Securities (ILS)"
ocid: "ocds-b5fd17-ab942f95-1668-4691-8d8a-ed585bd6718c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ab942f95-1668-4691-8d8a-ed585bd6718c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ab942f95-1668-4691-8d8a-ed585bd6718c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ab942f95-1668-4691-8d8a-ed585bd6718c.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "NORTH YORKSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE NORTH YORKSHIRE PENSION FUND)"
published: "2018-01-25"
---

# Insurance Linked Securities (ILS)

Buyer: NORTH YORKSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE NORTH YORKSHIRE PENSION FUND)  
Current stage: Tender  
OCID: ocds-b5fd17-ab942f95-1668-4691-8d8a-ed585bd6718c

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## Summary

The North Yorkshire County Council, acting as the administering authority of the North Yorkshire Pension Fund, has initiated a tender for "Insurance Linked Securities (ILS)". This procurement falls within the financial and insurance services sector and is being conducted in the Yorkshire and the Humber region of the United Kingdom. The main procurement category is services, with a tender period ending on 2nd February 2018. The total value of the contract is estimated between £110 million and £165 million, with the contract period set to commence on 26th March 2018 and concluding on 25th March 2021.

This tender presents a significant opportunity for businesses specialising in portfolio management and investment services, particularly those knowledgeable in insurance-linked securities. Companies with experience in financial services are well-suited to compete for this contract, as the North Yorkshire Pension Fund aims to diversify its investment strategy while enhancing its risk and return profile. Smaller voluntary community sector entities may also find eligibility for participation, given the fund's openness to various types of organisations.

## Notice

North Yorkshire Pension fund as administered by North Yorkshire County Council. Following a recent investment strategy review, the Pension Fund Committee (the 'PFC') of the North Yorkshire Pension Fund (the 'Fund') is currently considering introducing an Insurance-Linked Securities ('ILS') mandate(s). The allocation is expected to account for between 3.3% - 5% of total Fund assets (equivalent to c. PS110m to c. PS165m). The rationale behind the appointment is to reduce the Fund's overall exposure to equities (as the source of assets for the ILS appointment will be equities) following recent material improvement in the Fund's solvency level. The returns from ILS depend on the underlying risks which are very different from those of traditional assets. This facet is unique. Allocating to ILS therefore helps in building a more robust overall portfolio with a strong risk/return profile.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e9bb59b2-85ba-4fa2-8200-1704e491eb35 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Jan 2018 |
| Submission deadline | 2 Feb 2018 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 25 Mar 2018 - 25 Mar 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £16,500,000 |
| 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 | NORTH YORKSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE NORTH YORKSHIRE PENSION FUND) |
| Locality | NORTHALLERTON |
| Post town | Darlington |
| Postcode | DL7 8AD |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE2 North Yorkshire |
| ITL 3 | TLE22 North Yorkshire |
| Local authority | North Yorkshire |
| Electoral ward | Romanby |
| Westminster constituency | Richmond and Northallerton |
| Delivery location | TLE Yorkshire and The Humber |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66140000 - Portfolio management services

## Release History

- 25 Jan 2018 at 09:22 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e9bb59b2-85ba-4fa2-8200-1704e491eb35

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e9bb59b2-85ba-4fa2-8200-1704e491eb35
  25th January 2018 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.northyorks.gov.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-ab942f95-1668-4691-8d8a-ed585bd6718c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ab942f95-1668-4691-8d8a-ed585bd6718c.json.