---
title: "POLITICAL AND CREDIT RISK INSURANCE FRAMEWORK"
ocid: "ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR INTERNATIONAL TRADE"
published: "2023-03-08"
---

# POLITICAL AND CREDIT RISK INSURANCE FRAMEWORK

Buyer: DEPARTMENT FOR INTERNATIONAL TRADE  
Current stage: Award  
OCID: ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2.json)

## Summary

The Department for International Trade has concluded a procurement process for a framework contract titled "POLITICAL AND CREDIT RISK INSURANCE FRAMEWORK" in the financial and insurance services category. This procurement opportunity was conducted through an open procedure (above threshold) with a contract value of £250 million. The procurement stage has been completed, with the contract period scheduled from 16th January 2023 to 15th January 2027.

This tender presents an opportunity for businesses in the insurance and brokerage sectors to engage with UK Export Finance on a Political & Credit Risk Insurance Framework agreement. The Department for International Trade based in London, UK, has successfully awarded the contract to multiple suppliers for various lots. Small and medium-sized enterprises (SMEs) as well as large-scale enterprises are involved as suppliers, indicating a mix of businesses suitable for this framework. The contract offers a significant value and lasting period, creating stable growth opportunities for successful bidders.

## Notice

UK Export Finance has formed a Political & Credit Risk Insurance Framework (Lot 1: Brokerage, Lot 2: Insurance) agreement. The initial contract period is for 2 years with an option to extend twice for 12 months each time.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1ca59ece-d90f-4ede-8fc5-215fbc36dd7c |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | Large, SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Mar 2023 |
| Submission deadline | 15 Jan 2023 |
| Future notice date | Not specified |
| Award date | 3 Feb 2023 |
| Contract period | 16 Jan 2023 - 15 Jan 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £250,000,000 |
| Lots value | Not specified |
| Awards value | £250,000,000 |
| 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 | DEPARTMENT FOR INTERNATIONAL TRADE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2DY |
| 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 | 33 |
| Supplier names | AEGIS MANAGING AGENCY; AMERICAN INTERNATIONAL GROUP; AON; APOLLO SYNDICATE MANAGEMENT; ARGO MANAGING AGENCY; ARK SYNDICATE MANAGEMENT; ASCOT UNDERWRITING; ASPEN MANAGING AGENCY; AXA XL INSURANCE; BEAZLEY FURLONGE; BERRY PALMER & LYLE; CANOPIUS MANAGING AGENTS; CHAUCER SYNDICATES; CHUBB EUROPEAN GROUP; CINCINNATI GLOBAL UNDERWRITING AGENCY; COMPAGNIE FRANCAISE D'ASSURANCE POUR LE COMMERCE EXT; ENDURANCE WORLDWIDE INSURANCE; EULER HERMES SA (NV; FIDELIS UNDERWRITING; HAMILTON MANAGING AGENCY; HDI GLOBAL SPECIALTY; IQUW SYNDICATE MANAGEMENT; LANCASHIRE INSURANCE COMPANY (UK; LIBERTY MANAGING AGENCY; LIBERTY MUTUAL INSURANCE EUROPE; MARKEL SYNDICATE MANAGEMENT; MS AMLIN UNDERWRITING; MUNICH RE SYNDICATE; NAVIGATORS UNDERWRITING AGENCY; QBE; STARR MANAGING AGENTS; SWISS RE INTERNATIONAL; TALBOT UNDERWRITING |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 8 Mar 2023 at 10:21 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1ca59ece-d90f-4ede-8fc5-215fbc36dd7c
- 7 Mar 2023 at 15:05 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1ca59ece-d90f-4ede-8fc5-215fbc36dd7c
- 7 Mar 2023 at 14:36 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1ca59ece-d90f-4ede-8fc5-215fbc36dd7c
- 7 Mar 2023 at 13:56 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1ca59ece-d90f-4ede-8fc5-215fbc36dd7c
- 3 Mar 2023 at 15:01 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1ca59ece-d90f-4ede-8fc5-215fbc36dd7c

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/1ca59ece-d90f-4ede-8fc5-215fbc36dd7c
  3rd March 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/1242f5c1-94be-4f6e-b6b4-ef70df60687a
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/06dbfeea-1500-47c9-a263-6a6037cdc84f
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/b0f3d5d2-9220-4359-b614-1e40cdacac88
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/e45c977d-e85f-4504-a23a-3d2892b2ae43
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/abe0d43d-f083-45d1-a4d2-dace3a49f3cf
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/e5154001-62fc-4f03-9d29-ecae89e83f45
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/be3007b9-ba0e-451b-bc50-d104cbe65199
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/0aeca645-e142-42fc-aebc-21f9a25f72ed
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/2e8aa3c9-1af2-4581-b10f-1ac327a9612b
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/5e525fe0-3681-43f5-8883-b6c09b2702c9
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/7d215554-8c92-45fb-841d-bc21d79cb013
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/318a110d-bbfa-4efe-8c55-60441740a3e5
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/20734e87-3adc-4335-82ac-ee8d22cbdbb1
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/a850c126-1258-486a-a7e7-774f339347e9
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/a44a0819-a8fe-4349-9925-5418571e544c
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/b7895ea5-d86b-4d97-9324-6a5db00ff3fc
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/6d9ae405-66c1-4668-82d5-91fc2684c6e2
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/fd4e3ab6-a1f3-403f-a88c-13ec8029063c
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/ed698419-378a-4340-bc56-532b6cb737c6
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/7d8f60ab-4695-420b-bf91-6d00b0a49d72
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/e6d0c304-5ac8-46f0-be2c-a3462bbb248a
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/b9e87fed-08b8-4a83-8ff6-25d1f90ea93e
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/87569382-5539-4669-a98a-d98186984d9b
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/eb4ca5d7-254c-48d4-a582-81ad7adc803f
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/558a7f68-1372-42e5-b586-b77aebc20271
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/bf1c7734-650e-4582-9909-ee6b9c231344
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/6448846d-bf24-456c-a894-b0b1d9f337bf
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/07260fdd-3a7b-4658-a744-d39d246c36fc
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/15b061b5-1a29-4154-be4d-3c0f2eeecbf2
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/08cfdced-d5ae-45e2-a98a-fbad67f4ecb4
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/38b565d9-897f-4a99-a7a7-8f3a0045b1ca
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/2c3dc7e3-f414-441d-a587-982dbb63f270
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- https://www.contractsfinder.service.gov.uk/Notice/Attachment/ed6bd69a-2948-4040-97f2-a803def66de6
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## 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-ad482e60-4747-4d65-854d-e35cf7e312c2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ad482e60-4747-4d65-854d-e35cf7e312c2.json.