--- title: "Catastrophe Lawyer procurement" ocid: "ocds-h6vhtk-048837" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-048837" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-048837.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-048837.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "FLOOD RE LIMITED" published: "2024-08-06" --- # Catastrophe Lawyer procurement Buyer: FLOOD RE LIMITED Current stage: Tender OCID: ocds-h6vhtk-048837 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-048837) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-048837.json) ## Summary The public procurement process initiated by Flood Re Limited seeks to procure external legal services for advising on and supporting the issuance of an indemnity trigger catastrophe bond (the "Cat Bond"). This tender falls under the services category, specifically internal audit services, and is situated in the UKI region. The process is currently in the 'tender' stage, with significant dates including a tender period end date on 2 September 2024 and a contract award starting on the same day. The procurement method being utilised is an open procedure, thereby ensuring transparency and competitive bidding. The contract duration is approximately six months, aligned with the issuance of the bond in March 2025, or until the end of October 2024 if the bond is not issued. This tender offers substantial business growth opportunities, particularly for firms specialising in legal services with expertise in insurance and reinsurance sectors. Businesses with experience in catastrophe bonds and long-term supplier relationships may find this contract particularly attractive. The tender’s focus on technical and price award criteria underscores the need for high-quality service delivery combined with cost efficiency. Engaging in this procurement process could lead to long-term relationships with Flood Re, a national agency dedicated to economic affairs, offering potential stability and recurring contract opportunities for proficient firms. ## Notice Flood Re to seek provision for external legal services to advise on and support the issuance of an indemnity trigger catastrophe bond (the "Cat Bond") as part of a wider re-procurement of its outwards reinsurance programme to be effective from 1 April 2025. It is likely that Flood Re will consider the issuance of such a bond at least every three years thereafter and has a preference for long term supplier relationships however, that longer term opportunity does not form part of this ITT ### Lot Information Lot 1 Flood Re to seek provision for external legal services to advise on and support the issuance of an indemnity trigger catastrophe bond (the "Cat Bond") as part of a wider re-procurement of its outwards reinsurance programme to be effective from 1 April 2025. It is likely that Flood Re will consider the issuance of such a bond at least every three years thereafter and has a preference for long term supplier relationships however, that longer term opportunity does not form part of this ITT Options: The contract duration will be for the period of approximately six months, up to and including the successful issuance of the bond, to be effective in March 2025. Alternatively, if the Company not does not proceed to issue the Bond, it will be up to the end of October 2024 (being approximately six weeks). ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/024739-2024 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 6 Aug 2024 | | Submission deadline | 2 Sep 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | 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 | FLOOD RE LIMITED | | Locality | LONDON | | Post town | Central London | | Postcode | EC4N 7BE | | 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 | Candlewick | | Westminster constituency | Cities of London and Westminster | | Delivery location | TLI London | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212200 - Internal audit services ## Release History - 6 Aug 2024 at 16:00 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/024739-2024 ## Notice URLs - https://procurementsolutions.esourcingportal.com - https://www.floodre.co.uk - https://www.floodre.co.uk/about-us/ ## 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-048837. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-048837.json.