---
title: "Captive Insurance Management Services"
ocid: "ocds-h6vhtk-05e75f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05e75f"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05e75f.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05e75f.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "NETWORK RAIL INFRASTRUCTURE LIMITED"
published: "2026-03-02"
---

# Captive Insurance Management Services

Buyer: NETWORK RAIL INFRASTRUCTURE LIMITED  
Current stage: Tender  
OCID: ocds-h6vhtk-05e75f

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## Summary

Network Rail Infrastructure Limited is seeking proposals for Captive Insurance Management Services, with the goal of re-tendering an existing contract. This tender specifically targets the areas of finance, insurance underwriting, claims handling, company governance, and more. The procurement process is currently at the tender stage, and interested parties can submit their proposals on Network Rail's e-tendering portal. Located in Guernsey, this contract involves financial and insurance services, and promises a substantial value of £1,925,000. The tender process is open to competitive bidding under a flexible procedure, with all submissions required by 7th April 2026. Key dates include the enquiry period concluding on 24th March 2026, and anticipated awarding by the end of August 2026.

This tender presents significant opportunities for growth, especially for businesses specialising in financial and insurance services. Small and medium-sized enterprises (SMEs) stand a competitive chance given the procurement categories. Companies with expertise in complex reinsurance, finance administration, and regulatory compliance will find this an attractive opportunity to manage a critical service with the potential for a one-year extension beyond the initial four-year contract period. Successful applicants will manage the services to ensure cost-effectiveness and regulatory compliance, with the service required to operate within Guernsey.

## Notice

Network Rail (NR) has a requirement to re-tender the contract for the Captive Insurance Management Services, which covers the following areas: i. Finance and Accounting ii. Insurance Underwriting iii. Insurance Claims Handling (for Permanent Total Disablement) and Management of Claims Funds iv. Company Governance (including accounting) v. Administration vi. Financial Crime vii. Data Protection OFFICIAL viii. Company Secretarial

### Planning Information

Network Rail is conducting a Preliminary Market Engagement activity to assess the markets capability and appetite to deliver captive management services for the Network Rail Insurance Ltd (The Captive), our wholly owned subsidiary company regulated in Guernsey, and Tax domiciled in the UK. 
Indicative Scope of Services.
The captive requires a specialist Captive Manager for the provision of services to operate and fully manage the company on a cost effective, and regulatory compliant basis. 
The required services broadly cover:
I. Finance
II. Insurance Underwriting (including direct writes and complex reinsurance arrangements)
III. Insurance Claims Handling (on a limited basis for Benefit Disablement policies)
IV. Company Governance (including accounting aligned to IFRS17 standards) 
V. Administration 
VI. Financial Crime
VII. Data Protection 
VIII. Company Secretarial 
We request your comprehensive feedback on the following questions which can be accessed via the following link: https://forms.office.com/Pages/ResponsePage.aspx?id=4cMswn9dTU--A9WhWMyUCWxW-vQrfhVCsEtb2F2HVmpUOFFHR1g5OVVZOEg5U0ROTjMwWkdLNTlJQS4u which aim to drive better outcomes (performance, risk management, compliance) and value for money (efficiency, cost control, innovation) for this critical service that is required to be based in Guernsey. 
Procurement Approach
The Procurement process is expected to commence in early February 2026 (estimated). This PME is for information purposes only; no tender documents are available at this stage. Interested suppliers are encouraged to express their interest for the forthcoming tender via the link: https://forms.office.com/Pages/ResponsePage.aspx?id=4cMswn9dTU--A9WhWMyUCWxW-vQrfhVCsEtb2F2HVmpUOFFHR1g5OVVZOEg5U0ROTjMwWkdLNTlJQS4u 
Suppliers interested and wishing to participate in the forcoming tender are required to submit an Expression of Interest (EOI) no later than 10 December 2025. Please note that any supplier failing to respond by this date may, at the discretion of Network Rail, be excluded from the tender process. Further details will be provided in due course
This PME does not constitute a call for competition. 
Any procurement process will be published via Network Rail’s e-tendering portal Bravosolutions. Interested suppliers are encouraged to register on the Bravosolutions portal in order to access the tender when it is live. 
The intent is to inform a potential future procurement exercise, which will be conducted in accordance with the Procurement Act 2023 (PA23). 
Estimated Contract Duration 
The Initial Term of this Agreement shall be four (4) years commencing on 01 October 2026 and ending on 31 September 2030. Extension: The Agreement may be extended for one (1) additional year upon mutual written agreement by both parties, subject to the same terms and conditions unless otherwise agreed in writing.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/018600-2026 |
| Notice type | UK4 - Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Planning, Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 Mar 2026 |
| Submission deadline | 7 Apr 2026 |
| Future notice date | 9 Feb 2026 |
| Award date | Not specified |
| Contract period | 30 Sep 2026 - 30 Sep 2030 |
| Recurrence | 2030-09-30 |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,925,000 |
| Lots value | £1,925,000 |
| 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 | NETWORK RAIL INFRASTRUCTURE LIMITED |
| Locality | LONDON |
| Post town | South East London |
| Postcode | SE1 8SW |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI45 Lambeth |
| Local authority | Lambeth |
| Electoral ward | Waterloo & South Bank |
| Westminster constituency | Vauxhall and Camberwell Green |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 2 Mar 2026 at 15:58 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/018600-2026
- 24 Nov 2025 at 14:38 - PlanningUpdate - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/076527-2025
- 24 Nov 2025 at 13:06 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/076458-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/018600-2026
  2nd March 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/076527-2025
  24th November 2025 - Preliminary market engagement notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/076458-2025
  24th November 2025 - Preliminary market engagement notice on Find a Tender

## Notice URLs

- https://forms.office.com/Pages/ResponsePage.aspx?id=4cMswn9dTU--A9WhWMyUCWxW-vQrfhVCsEtb2F2HVmpUOFFHR1g5OVVZOEg5U0ROTjMwWkdLNTlJQS4u
- https://networkrail.bravosolution.co.uk
- https://networkrail.bravosolution.co.ukProjectTitle:CustomerExperienceProgrammeServicesProject_44875ITT_19201
- https://www.legislation.gov.uk/ukpga/2023/54/contents
- https://www.networkrail.co.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-05e75f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05e75f.json.