---
title: "Insurance Brokerage Services"
ocid: "ocds-b5fd17-eec7906b-74e0-493f-9361-54669ebac96b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-eec7906b-74e0-493f-9361-54669ebac96b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-eec7906b-74e0-493f-9361-54669ebac96b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-eec7906b-74e0-493f-9361-54669ebac96b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2022-03-07"
---

# Insurance Brokerage Services

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-eec7906b-74e0-493f-9361-54669ebac96b

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## Summary

The Financial Reporting Council Limited (FRC) has completed the procurement process for Insurance Brokerage Services, having awarded the contract to Arthur J. Gallagher Insurance Brokers Limited. This procurement falls under the services category, specifically focusing on insurance brokerage services as per CPV code 66518100. The tender was published on 2nd December 2021, and the tender period concluded on 23rd December 2021. The contract period began on 15th February 2022 and will run until 14th February 2026, with a total contract value of £60,000 and a minimum value of £15,000. This was conducted through an open procurement method under the open procedure suitable for small and medium enterprises (SMEs) and voluntary and community sector enterprises (VCSEs).

This contract presents an opportunity for businesses within the insurance brokerage sector to engage with a prominent regulatory body in the UK. Companies that can offer competitive insurance coverage, as well as expert advice on policy negotiation and claims processing, will find this tender particularly relevant. With the FRC's commitment to enhancing audit quality and supporting corporate governance, firms that align their services with these goals are well-placed to leverage this opportunity and contribute to the UK's financial regulatory landscape.

## Notice

***THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE*** The Financial Reporting Council sets the UK accounting, audit and actuarial standards and administers the Corporate Governance and Stewardship Codes. As the competent authority for audit in the UK the FRC sets auditing and ethical standards and monitors and enforces audit quality. The FRC works in the public interest. Our work is aimed at investors and others who rely on company reports, audit, and high-quality risk management. The Financial Reporting Council is committed to * supporting the creation of a new regulator, the Audit, Reporting and Governance Authority (ARGA), which will be a strong and fit for-purpose regulator and provide increased confidence in the UK market. * Protecting and improving audit and reporting quality. * Making company reporting fit for the future. * Supporting the creation of the audit of the future * Ensuring that the world-leading UK Corporate Governance and Stewardship Codes make the UK a great place to do business, helping support Covid-19 recovery and UK prosperity. We also monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our role can be found at www.frc.org.uk. This Notice was related to our Insurance Brokerage Services Project. The FRC appointed a registered insurance broker/broker firm to procure competitive insurance covers and premiums, net of broking commission. Schedule A contains details of the wide portfolio of insurances maintained by the FRC. The appointed broker will be providing the following services: - * advice and assistance as required on all aspects of the FRC's insurance needs; * advice on, and negotiation of, renewal terms and premiums for the policies detailed in Schedule A; * advice on the levels of cover held and/or indemnities to be maintained under these policies; * advice and assistance on the processing of claims. Full details are available in the attached Invitation to Tender (ITT) and associated documents. Additional information: THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3e370f81-17bd-4ca4-8b2a-98af7d62be01 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Mar 2022 |
| Submission deadline | 23 Dec 2021 |
| Future notice date | Not specified |
| Award date | 14 Feb 2022 |
| Contract period | 15 Feb 2022 - 14 Feb 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £60,000 |
| Lots value | Not specified |
| Awards value | £4 |
| 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 | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| 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 | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ARTHUR J. GALLAGHER INSURANCE BROKERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66518100 - Insurance brokerage services

## Release History

- 7 Mar 2022 at 15:33 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/3e370f81-17bd-4ca4-8b2a-98af7d62be01
- 2 Dec 2021 at 13:41 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/4bbbde87-cbdd-4bf5-b8db-72151390f3aa

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/3e370f81-17bd-4ca4-8b2a-98af7d62be01
  7th March 2022 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/4bbbde87-cbdd-4bf5-b8db-72151390f3aa
  2nd December 2021 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/db9b5c5a-8b80-4515-ae01-5723f6bbcc49
  Invitation to Tender (ITT)
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/261c05a8-3a68-4e7e-8cb9-d08541f0d0b2
  Schedule B - Order Form and Contract Terms & Conditions
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/293cd95c-8842-4abd-bd2e-36f3054760ba
  Schedule C - Form of Tender Submission
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/65145739-8150-4d03-824b-cbd934212b4c
  Supplier Due Diligence Questionnaire

## Notice URLs

- http://www.frc.org.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-eec7906b-74e0-493f-9361-54669ebac96b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-eec7906b-74e0-493f-9361-54669ebac96b.json.