---
title: "Political and Credit Risk Insurance"
ocid: "ocds-b5fd17-f6952588-20c1-4010-90ff-98d80aa09fdc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f6952588-20c1-4010-90ff-98d80aa09fdc"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f6952588-20c1-4010-90ff-98d80aa09fdc.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-f6952588-20c1-4010-90ff-98d80aa09fdc.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UK EXPORT FINANCE"
published: "2023-09-01"
---

# Political and Credit Risk Insurance

Buyer: UK EXPORT FINANCE  
Current stage: Award  
OCID: ocds-b5fd17-f6952588-20c1-4010-90ff-98d80aa09fdc

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-f6952588-20c1-4010-90ff-98d80aa09fdc)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-f6952588-20c1-4010-90ff-98d80aa09fdc.json)

## Summary

The UK Export Finance has awarded a contract for Political and Credit Risk Insurance. The total value of the contract is £3,000,000 GBP. The procurement method used was selective, involving a call-off from a framework agreement. The contract period spans from August 1, 2023, to July 31, 2027. The procurement stage is completed with the award date being August 1, 2023. The buying organisation is UK Export Finance, located at 1 Horse Guards Road, London, SW1A2HQ. The industry category is services. The contract was awarded to multiple suppliers.

This tender for Political and Credit Risk Insurance presents an opportunity for large insurance companies and underwriters to expand their portfolios. Businesses specializing in insurance services and risk management would be well-suited to compete. The contract value and length provide stable revenue streams for successful bidders. Suppliers need to comply with the procurement method of selective call-off from a framework agreement. This procurement process was completed, signifying a closed opportunity for interested businesses.

## Notice

This is a contract for political and credit risk insurance, awarded to multiple framework suppliers. The total value of the contract does not exceed the value stated above.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/24b207f7-824a-494a-b67f-f040c43ff8c5 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Sep 2023 |
| Submission deadline | 1 Jun 2023 |
| Future notice date | Not specified |
| Award date | 31 Jul 2023 |
| Contract period | 31 Jul 2023 - 31 Jul 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,000,000 |
| Lots value | Not specified |
| Awards value | £3,000,000 |
| 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 | UK EXPORT FINANCE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2HQ |
| 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 | 9 |
| Supplier names | AXA XL INSURANCE; FIDELIS UNDERWRITING; LLOYD'S UNDERWRITER SYNDICATE NO. 1084 (CHAUCER; LLOYD'S UNDERWRITER SYNDICATE NO. 1221 (HARTFORD; LLOYD'S UNDERWRITER SYNDICATE NO. 1414 (ASCOT; LLOYD'S UNDERWRITER SYNDICATE NO. 2001 (MS AMLIN; LLOYD'S UNDERWRITER SYNDICATE NO. 3000 (MARKEL; LLOYD'S UNDERWRITER SYNDICATE NO. 3902 (ARK; LLOYD'S UNDERWRITER SYNDICATE NO. 4444 (CANOPIUS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 1 Sep 2023 at 11:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/24b207f7-824a-494a-b67f-f040c43ff8c5

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/24b207f7-824a-494a-b67f-f040c43ff8c5
  1st September 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/66e78506-8e2e-4975-a564-5700a7fd5760

## 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-f6952588-20c1-4010-90ff-98d80aa09fdc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-f6952588-20c1-4010-90ff-98d80aa09fdc.json.