Insurance Services (Professional Indemnity)
A Contract Award Notice
by LONDON UNIVERSITIES PURCHASING CONSORTIUM
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 5 year (est.)
- Value
- £2M
- Sector
- BUSINESS
- Published
- 19 Aug 2021
- Delivery
- To 19 Aug 2026 (est.)
- Deadline
- n/a
Concepts
Location
London:
1 buyer
3 suppliers
- Berkshire Hathaway Specialty Insurance Boston
- Markel International Insurance London
- Tokio Marine HCC London
Description
London Universities Purchasing Consortium (LUPC) is placing this notice on behalf of ten members of the LUPC Insurance Group, which intend entering into a contract for the procurement of professional indemnity insurance cover commencing 1 August 2021 on a 12-month basis.
Total Quantity or Scope
Professional indemnity insurance as outlined above.
Award Detail
| 1 | Berkshire Hathaway Specialty Insurance (Boston)
|
| 2 | Markel International Insurance (London)
|
| 3 | Tokio Marine HCC (London)
|
CPV Codes
- 66510000 - Insurance services
Indicators
Legal Justification
A full OJEU tender placed via in 2020 for up to 5 years resulted in a single, subsequently awarded bid on behalf of the LUPC Insurance Group (IG). Immediately prior to the 1 August 2021 renewal, the provider notified that terms would not be re-offered to several IG members. All known and capable professional indemnity insurers in the market were approached by the IG's appointed broker Gallagher, through whom it was confirmed in writing that they would again not be responding to a formal tender process. Gallagher therefore sought and acquired a Line Slip multi-insurer solution through their Specialty and Wholesale Division team in the knowledge that no acceptable bids would be received via a tender process.
Other Information
** PREVIEW NOTICE, please check Find a Tender for full details. **
Reference
- ocds-h6vhtk-02d6cc
- FTS 020317-2021