---
title: "Financial Lines Insurance Services"
ocid: "ocds-h6vhtk-0501ea"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0501ea"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0501ea.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0501ea.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LUPC"
published: "2025-07-03"
---

# Financial Lines Insurance Services

Buyer: LUPC  
Current stage: Award  
OCID: ocds-h6vhtk-0501ea

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## Summary

The London Universities Purchasing Consortium (LUPC) has completed the Financial Lines Insurance Services procurement, involving three lots which focus on Management Liability, Crime, and Professional Indemnity. This competitive process, initiated as an open procurement method, was aimed at pooling insurance services for the LUPC Insurance Group, covering members from various regional university purchasing consortia across the United Kingdom. The procurement stage concluded with the contract awards on 3 July 2025, following the invitation for offers, and the standstill period extends until 15 July 2025. Contracting activities are set to begin on 1 August 2025 and are slated to run till 31 July 2028, with the possibility of renewals extending to 31 July 2030, contingent upon satisfactory performance and cost. Deliveries pertain to multiple regions throughout the UK, covering diverse geographical locations including UKC, UKI, and others.

This tender opens avenues for businesses, particularly those specialising in insurance services, to engage with a prolific consortium comprising universities and higher education institutions. Companies ranging from small to medium-sized enterprises, like Risk Management Partners Ltd., to larger entities such as Zurich Insurance Company Ltd., which participated as suppliers, are prime candidates to leverage this opportunity. Businesses adept in providing management liability, crime cover, and professional indemnity services, and those meeting high economic and technical standards, stand to benefit significantly. With the assurance of a structured and collaborative procurement approach as demonstrated by LUPC, successful bidders are positioned for growth and long-term contractual engagements with numerous educational institutions across the UK.

## Notice

London Universities Purchasing Consortium (LUPC) is undertaking this tendering process for Financial Lines Insurance Services commencing 1 August 2025 across three lots made up of Management Liability, Crime and Professional Indemnity. Offers are invited on behalf of one of more lots. The Agreement is being tendered on behalf of the LUPC Insurance Group, a collaborative group of 27 participating institutions from the following purchasing organisations - London Universities Purchasing Consortium: http://www.lupc.ac.uk/list-of-members.html; Southern Universities Purchasing Consortium: http://www.supc.ac.uk/engage/our-members/our-members; and is also available to members of North East Universities Purchasing Consortium (NEUPC): http://www.neupc.ac.uk/our-members; and North West Universities Purchasing Consortium (NWUPC): http://www.nwupc.ac.uk/our-members. It should be noted that (1) LUPC is not seeking any broker services through this procurement; (2) stated inc. VAT values are inc. IPT (Insurance Premium Tax) and that (3) preliminary market engagement was undertaken in late January 2025, prior to commencement of the Procurement Act 2023.

### Lot Information

Management Liability

To meet or exceed the Insurance Group's Management Liability cover requirements as defined in the specification within the documentation.

Renewal: The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

Crime

To meet or exceed the Insurance Group's Crime cover requirements as defined in the specification within the documentation.

Renewal: The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

Professional Indemnity

To meet or exceed the Insurance Group's Professional Indemnity cover requirements as defined in the specification within the documentation.

Renewal: The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/037267-2025 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | SME |
| Awardee scale | Large, SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Jul 2025 |
| Submission deadline | 22 May 2025 |
| Future notice date | Not specified |
| Award date | 2 Jul 2025 |
| Contract period | 31 Jul 2025 - 31 Jul 2028 |
| Recurrence | 2030-04-10 |

## Values

| Field | Value |
| --- | --- |
| Tender value | £29,400,000 |
| Lots value | £29,400,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LUPC |
| Additional buyers | LONDON UNIVERSITIES PURCHASING CONSORTIUM |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3R 8HN |
| 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 | Tower |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 3 |
| Supplier names | ARTHUR J. GALLAGHER (UK; RISK MANAGEMENT PARTNERS; ZURICH INSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 3 Jul 2025 at 18:52 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/037267-2025
- 11 Apr 2025 at 15:37 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/014765-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/037267-2025
  3rd July 2025 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/014765-2025
  11th April 2025 - Tender notice on Find a Tender

## Notice URLs

- http://www.lupc.ac.uk/list-of-members.html
- http://www.neupc.ac.uk/our-members
- http://www.nwupc.ac.uk/our-members
- http://www.rmpartners.co.uk
- http://www.supc.ac.uk/engage/our-members/our-members
- http://www.zurich.co.uk/municipal
- https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=92954&B=
- https://www.ajg.com/uk
- https://www.legislation.gov.uk/ukpga/2023/54/contents
- 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-0501ea. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0501ea.json.