---
title: "UKIB Insurance Brokerage to place Group Insurance Policies"
ocid: "ocds-h6vhtk-044a33"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-044a33"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-044a33.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-044a33.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UK INFRASTRUCTURE BANK LIMITED"
published: "2024-08-06"
---

# UKIB Insurance Brokerage to place Group Insurance Policies

Buyer: UK INFRASTRUCTURE BANK LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-044a33

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-044a33)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-044a33.json)

## Summary

The UK Infrastructure Bank Limited (UKIB) conducted a tender process for the procurement of an insurance brokerage to place group insurance policies. The procurement process was classified under the CPV code 66510000 for insurance services, falling under the services category. This open procedure aimed to secure a contract worth £750,000 and included both the brokerage and policy costs over the contract term of 720 days, with an option to extend for an additional year. Key dates included the tender period ending on 19th April 2024 and the contract being awarded on 8th July 2024. The process targeted services to be delivered across the UK, indicating the widespread applicability of the contract.

This procurement presents a significant opportunity for businesses in the insurance brokerage sector, particularly those capable of managing large-scale group insurance policies. Companies with strong technical capabilities, a focus on social value, and competitive pricing would be well-suited to this opportunity. The winner of the tender, Barnett Waddingham LLP, exemplifies the type of business that can leverage such contracts to foster growth and establish long-term relationships with national institutions like the UKIB. Engaging in such contracts can lead to increased market presence and further opportunities in the public sector.

## Notice

This ITT relates to the procurement process by the Buyer to procure an Insurance Brokerage to place Group Insurance Policies (the "Procurement").

### Lot Information

Lot 1

This ITT relates to the procurement process by the Buyer to procure an Insurance Brokerage to place Group Insurance Policies (the "Procurement").

The Estimated Value of the Procurement incorporates both the Insurance Brokerage and Group Insurance Policy costs across the Contract Term.

Renewal: Option to extend the Contract by a further period of up to one year.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/024710-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 6 Aug 2024 |
| Submission deadline | 19 Apr 2024 |
| Future notice date | Not specified |
| Award date | 7 Jul 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £750,000 |
| Lots value | £750,000 |
| Awards value | Not specified |
| Contracts value | £750,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UK INFRASTRUCTURE BANK LIMITED |
| Locality | LEEDS |
| Post town | Leeds |
| Postcode | LS1 4DW |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE4 West Yorkshire |
| ITL 3 | TLE42 Leeds |
| Local authority | Leeds |
| Electoral ward | Hunslet & Riverside |
| Westminster constituency | Leeds South |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARNETT WADDINGHAM |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 6 Aug 2024 at 14:55 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/024710-2024
- 19 Mar 2024 at 10:29 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/008768-2024

## Notice URLs

- https://atamis-3929.my.site.com/s/Welcome
- https://theroyalcourtsofjustice.com/
- https://www.ukib.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-h6vhtk-044a33. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-044a33.json.