NU/1898 Property & Professional Indemnity Insurance

A Tender Notice
by NEWCASTLE UNIVERSITY

Source
Contracts Finder
Type
Contract (Services)
Duration
4 year
Value
£3M
Sector
BUSINESS
Published
26 Apr 2023
Delivery
01 Aug 2023 to 31 Jul 2027
Deadline
26 May 2023 11:00

Concepts

Location

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

The University has issued a PIN (call for competition) for Property & Professional Indemnity insurances as required by Newcastle University. The tender process is being managed by Arthur J. Gallagher Insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements. Details of the University's risk profile are available from Arthur J. Gallagher Insurance Brokers. This may be amended from time to time to meet the changes in the University's requirements. The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement. The tender process is therefore being managed by Arthur J. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer. It is the University's preference to enter into a longer term agreement for a period of 4 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2023 or for a single years plus 3 extension options for a further year.

CPV Codes

  • 66510000 - Insurance services
  • 66515200 - Property insurance services

Other Information

To participate in this exercise you should contact UKPublicSector@AJG.com and Leigh.Robinson@ncl.ac.uk

Reference

Domains