---
title: "NU/1898 Property & Professional Indemnity Insurance"
ocid: "ocds-h6vhtk-03c376"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03c376"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03c376.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03c376.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "NEWCASTLE UNIVERSITY"
published: "2023-04-24"
---

# NU/1898 Property & Professional Indemnity Insurance

Buyer: NEWCASTLE UNIVERSITY  
Current stage: Tender  
OCID: ocds-h6vhtk-03c376

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## Summary

Newcastle University has initiated a tender process for Property & Professional Indemnity Insurance, managed by Arthur J. Gallagher Insurance Brokers Ltd. The procurement stage is currently active, with a contract value of £3,228,236 GBP. The tender is for insurance services in the UK and falls under CPV codes related to insurance services. The contract period is set to start on 1st August 2023 and end on 31st July 2027, with potential renewal options.

This tender by Newcastle University provides an opportunity for insurance companies regulated by the Financial Conduct Authority to compete. Interested suppliers must comply with English law and jurisdiction. The tender process involves negotiations with insurers to meet the University's requirements. Businesses in the insurance services sector, particularly those experienced in property insurance, are well-suited to compete in this competitive procedure with negotiation, looking to secure a long-term agreement for insurance provision.

## Notice

Property & Professional Indemnity insurances as required by Newcastle University. The tender process is being managed by Arthur J. Gallagher Insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements. Details of the University's risk profile are available from Arthur J. Gallagher Insurance Brokers. This may be amended from time to time to meet the changes in the University's requirements.

### Lot Information

Lot 1

The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement. The tender process is therefore being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer. It is the University's preference to enter into a longer term agreement for a period of 4 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2023 or for a single years plus 3 extension options for a further year. Additional information: In addition to contacting AJ Gallagher direct to express and interest in these contracts please also contact the University representative in parallel by emailing Leigh.Robinson@ncl.ac.uk

Renewal: It is anticipated that the requirement will be renewed before the expiry of any contract to ensure continuity of cover.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/011617-2023 |
| Notice type | Planning Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive procedure with negotiation |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Planning, Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Apr 2023 |
| Submission deadline | 26 May 2023 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 Jul 2023 - 31 Jul 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,228,236 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NEWCASTLE UNIVERSITY |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE1 7RU |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Monument |
| Westminster constituency | Newcastle upon Tyne Central and West |
| Delivery location | TLC22 Tyneside |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services
- 66515200 - Property insurance services

## Release History

- 24 Apr 2023 at 09:26 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/011617-2023

## Notice URLs

- http://www.ajg.com/uk
- https://www.ncl.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-03c376. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03c376.json.