---
title: "Insurance Broker Services"
ocid: "ocds-h6vhtk-06708b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06708b"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06708b.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06708b.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "HS1 LIMITED (TRADING AS LONDON ST. PANCRAS HIGHSPEED)"
published: "2026-06-16"
---

# Insurance Broker Services

Buyer: HS1 LIMITED (TRADING AS LONDON ST. PANCRAS HIGHSPEED)  
Current stage: Award  
OCID: ocds-h6vhtk-06708b

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## Summary

HS1 Limited, trading as London St. Pancras Highspeed, has completed the award stage of a procurement process to appoint an Insurance Broker for a range of required insurance services under its Concession Agreement with the Department for Transport. This contract, titled "Insurance Broker Services," falls under the services category, specifically within railway insurance and brokerage services. The procurement method used is an open, competitive flexible procedure, catering to private utility needs and overseen through their procurement portal. The contract will begin on 1st July 2026 and continue until 30th June 2031, with a potential extension of up to three years, making the maximum extent date 30th June 2034. The award notice was issued on 16th June 2026, with Marsh Limited selected as the supplier. This procurement, valued at £35.6 million, involves executing insurance policies by the renewal date of 14th November 2026 and in subsequent years.

This tender offers substantial opportunities for growth, particularly for businesses well-acquainted with the insurance brokerage and railway insurance sectors. Firms with expertise in managing extensive insurance portfolios and familiarity with the statutory requirements under the utilities regime and the Procurement Act 2023 would be well-suited to compete. The contract, comprehensive in scope, requires a diligent approach to policy placement and cost management, ensuring an optimal balance for HS1 Limited. Companies capable of navigating complex insurance terrains to minimise organisational risk and offering flexibility in service delivery over an extended period will find this an advantageous opportunity to secure high-value, long-term business engagements.

## Notice

Under its Concession Agreement with the DfT, London St. Pancras Highspeed (LSPH) is required to source a range of insurance policies. These policies must provide levels of cover which are specified in Schedule 5 (pages 150 - 157) of the Concession Agreement, which is available on LSPH's website at https://stpancras-highspeed.com/our-company/regulatory/regulatory-docs/ . LSPH is seeking to appoint an Insurance Broker to deliver its obligations at optimal cost, whilst minimising risk to LSPH. LSPH will be replacing its current Insurance Broker Services contract in July 2026. The contract will be for 5 years with an option to extend up to 3 more years, to deliver the services, to be defined in more detail in the ITT stage of this procurement - for those suppliers that are successful in the initial PSQ stage. The successful tenderer will ensure that all the required policies are placed for the initial annual insurance renewal date, which is 14th November 2026, and subsequent years thereafter.

### Lot Information

Lot LOT-0000

Options: Option to extend by up to 3 additional years, making a maximum term of 8 years. The total value (estimated), stated above, is based on the maximum term (including allowable extensions) of 8 years - and includes the broker fee and all insurances placed on behalf of LSPH, by the successful, selected broker that is awarded the contract. Please note that the stated 'Value (inc. VAT)' as actually the estimated value including IPT (Insurance Premium Tax) at 12%, not VAT.

Renewal: Possible annual extensions - up to a maximum of 3 additional years, making the maximum possible total term equal 8 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/056601-2026 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Jun 2026 |
| Submission deadline | 15 May 2026 |
| Future notice date | Not specified |
| Award date | 10 Jun 2026 |
| Contract period | 30 Jun 2026 - 30 Jun 2031 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £45,535,714 |
| Lots value | £45,535,714 |
| Awards value | £35,600,000 |
| 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 | HS1 LIMITED (TRADING AS LONDON ST. PANCRAS HIGHSPEED) |
| Additional buyers | HS1 LTD (T/A LONDON ST. PANCRAS HIGHSPEED) |
| Locality | LONDON |
| Post town | North London |
| Postcode | N1 9AG |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI43 Haringey and Islington |
| Local authority | Islington |
| Electoral ward | Caledonian |
| Westminster constituency | Islington South and Finsbury |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MARSH |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66514130 - Railway insurance services
- 66518000 - Insurance brokerage and agency services
- 66518100 - Insurance brokerage services

## Release History

- 16 Jun 2026 at 11:19 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/056601-2026
- 9 Apr 2026 at 13:15 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/032441-2026
- 20 Mar 2026 at 15:00 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/025862-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/056601-2026
  16th June 2026 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/032441-2026
  9th April 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/025862-2026
  20th March 2026 - Tender notice on Find a Tender

## Notice URLs

- http://www.marsh.com
- https://stpancras-highspeed.com/our-company/regulatory/regulatory-docs/
- https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=103938&TID100109112&B=
- https://www.legislation.gov.uk/ukpga/2023/54/contents
- https://www.stpancras-highspeed.com

## 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-06708b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06708b.json.