---
title: "Insurance Services (Professional Indemnity)"
ocid: "ocds-h6vhtk-02d6cc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02d6cc"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02d6cc.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02d6cc.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LONDON UNIVERSITIES PURCHASING CONSORTIUM"
published: "2021-08-19"
---

# Insurance Services (Professional Indemnity)

Buyer: LONDON UNIVERSITIES PURCHASING CONSORTIUM  
Current stage: Award  
OCID: ocds-h6vhtk-02d6cc

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02d6cc.json)

## Summary

The London Universities Purchasing Consortium (LUPC) has successfully completed a tender process for Professional Indemnity Insurance Services. This procurement, which falls under the services industry category, took place within the United Kingdom and associated regions, with the contract commencing on 1 August 2021 for a duration of 12 months. The procurement method employed was a limited procedure, which did not involve prior publication of a call for competition. The notice was placed on behalf of ten members of the LUPC Insurance Group, concluding on 19 August 2021, with an active contract valued at £1,673,118 signed on 1 August 2021.

This tender presents a significant opportunity for businesses within the insurance sector, specifically those specialising in professional indemnity insurance. Companies capable of providing multi-insurer solutions or those with established relationships in the insurance industry, particularly large-scale insurers, will find this tender particularly suited to their capabilities. With the LUPC acting as a collective buying body, suppliers able to navigate complex procurement procedures and demonstrate appropriate coverage will be well-positioned to compete and potentially expand their market presence.

## Notice

London Universities Purchasing Consortium (LUPC) is placing this notice on behalf of ten members of the LUPC Insurance Group, which intend entering into a contract for the procurement of professional indemnity insurance cover commencing 1 August 2021 on a 12-month basis.

### Procurement Information

A full OJEU tender placed via in 2020 for up to 5 years resulted in a single, subsequently awarded bid on behalf of the LUPC Insurance Group (IG). Immediately prior to the 1 August 2021 renewal, the provider notified that terms would not be re-offered to several IG members. All known and capable professional indemnity insurers in the market were approached by the IG's appointed broker Gallagher, through whom it was confirmed in writing that they would again not be responding to a formal tender process. Gallagher therefore sought and acquired a Line Slip multi-insurer solution through their Specialty and Wholesale Division team in the knowledge that no acceptable bids would be received via a tender process.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/020317-2021 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Aug 2021 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 31 Jul 2021 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,673,118 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON UNIVERSITIES PURCHASING CONSORTIUM |
| Locality | LONDON |
| Post town | West London |
| Postcode | W1T 7NZ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI36 Camden |
| Local authority | Camden |
| Electoral ward | Bloomsbury |
| Westminster constituency | Holborn and St Pancras |
| Delivery location | TLI London, TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 3 |
| Supplier names | BERKSHIRE HATHAWAY SPECIALTY INSURANCE; MARKEL INTERNATIONAL INSURANCE; TOKIO MARINE HCC |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 19 Aug 2021 at 11:37 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/020317-2021

## Notice URLs

- https://ted.europa.eu/udl?uri=TED:NOTICE:225726-2020:TEXT:EN:HTML
- https://www.lupc.ac.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-h6vhtk-02d6cc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02d6cc.json.