---
title: "Insurance services"
ocid: "ocds-b5fd17-bfd370f3-0d8e-4563-9e54-5097168d2891"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bfd370f3-0d8e-4563-9e54-5097168d2891"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bfd370f3-0d8e-4563-9e54-5097168d2891.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-bfd370f3-0d8e-4563-9e54-5097168d2891.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2021-03-11"
---

# Insurance services

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-bfd370f3-0d8e-4563-9e54-5097168d2891

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-bfd370f3-0d8e-4563-9e54-5097168d2891)  
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## Summary

The Bank of England is currently seeking to procure its annual insurance services, which includes coverage for Property Damage, Employer's Liability, Public Liability, and other types of risks. The procurement is classified under the services industry and is governed by an open procedure. The tender process commenced with a publication date of 19th November 2020, with the tender submission deadline set for 21st December 2020. The contract is scheduled to start on 1st March 2021 and will run for an initial term of one year, with two optional one-year extensions, potentially concluding on 29th February 2024.

This opportunity is particularly suited for small and medium-sized enterprises (SMEs) involved in the insurance sector, as the Bank of England has expressed a preference for suppliers of this size. Companies offering comprehensive insurance solutions and those with expertise in various types of coverage are encouraged to participate. Engaging in this contract presents a significant opportunity for business growth, allowing successful bidders to establish a relationship with a leading financial institution while contributing to a wide range of insurance requirements.

## Notice

The Bank of England is seeking to procure its annual insurances. The following types of insurance are required: Property Damage / Business Interruption, Employer's Liability and Public Liability, Fine Art, Construction, Motor, Personal Accident and Travel. Details relating to each of the risks to be insured are detailed in the tender documents. Cover is required from 1st March 2021. Please note that the supplier information day will take place on Wednesday 2nd December 2020 at 10.30am. Full details are included in the tender documents. The contract term is an initial term of one year, with two possible one-year extensions (total possible term of three years). Additional information: The procurement documents are available for unrestricted and full direct access, free of charge, at: www.bankofenglandtenders.co.uk Tenders or requests to participate must be submitted electronically via: www.bankofenglandtenders.co.uk

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7d5879e7-38d0-4909-89b1-e3e92f96e133 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large, SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Mar 2021 |
| Submission deadline | 21 Dec 2020 |
| Future notice date | Not specified |
| Award date | 5 Feb 2021 |
| Contract period | 1 Mar 2021 - 29 Feb 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,700,000 |
| Lots value | Not specified |
| Awards value | £752,776 |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 5 |
| Supplier names | AMERICAN INTERNATIONAL GROUP; AVIVA; CHUBB EUROPEAN GROUP; HDI GLOBAL SPECIALTY; RISK MANAGEMENT PARTNERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 11 Mar 2021 at 08:58 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7d5879e7-38d0-4909-89b1-e3e92f96e133
- 19 Nov 2020 at 08:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d96fa7fe-afd4-4d73-aa21-e2b427220a5f

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7d5879e7-38d0-4909-89b1-e3e92f96e133
  11th March 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/d96fa7fe-afd4-4d73-aa21-e2b427220a5f
  19th November 2020 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.bankofengland.co.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-bfd370f3-0d8e-4563-9e54-5097168d2891. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bfd370f3-0d8e-4563-9e54-5097168d2891.json.