Property Insurance Policy for Unit 3.2 only of Lancashire Business Park (LCDL)

A Contract Award Notice
by LANCASHIRE COUNTY COUNCIL

Source: Find a Tender
Type: Contract (Services)
Duration: not specified
Value: £1M

Sector: BUSINESS
Published: 06 Mar 2025
Delivery: not specified
Deadline: n/a

Concepts

Location

Lancashire:

Geochart for 1 buyers and 6 suppliers

Lancashire County Council

Axa XL Insurance

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Leaflet | Map tiles by Stamen Design, under CC BY 3.0. Data by OpenStreetMap, under ODbL.

1 buyer

Lancashire County Council Preston

6 suppliers

Axa XL Insurance London
Lloyds of London Syndicate 623 London
Tokio Marine & Nichido Fire Insurance London
Probitas 1492 London
Legal & Contingency London
Munich Re London

Description

An insurance policy for Property Unit 3.2 of Lancashire Business Park (LCDL) is being placed via an award without competition, following a compliant tender process with no bids received. The broker approached the market to secure a policy directly. The contract is to be for a period of up to 4 years through the establishment of a Long Term Agreement (LTA) commencing on 13th January 2025.

Award Detail

1	Axa XL Insurance (London) Property Insurance for Unit 3.2 of Lancashire Business Park (LCDL) Reference: 008217-2025-1-1 Value: £1,200,000 [share] Awarded to group of suppliers.
2	Lloyds of London Syndicate 623 (London) Property Insurance for Unit 3.2 of Lancashire Business Park (LCDL) Reference: 008217-2025-1-1 Value: £1,200,000 [share] Awarded to group of suppliers.
3	Tokio Marine & Nichido Fire Insurance (London) Property Insurance for Unit 3.2 of Lancashire Business Park (LCDL) Reference: 008217-2025-1-1 Value: £1,200,000 [share] Awarded to group of suppliers.
4	Probitas 1492 (London) Property Insurance for Unit 3.2 of Lancashire Business Park (LCDL) Reference: 008217-2025-1-1 Value: £1,200,000 [share] Awarded to group of suppliers.
5	Legal & Contingency (London) Property Insurance for Unit 3.2 of Lancashire Business Park (LCDL) Reference: 008217-2025-1-1 Value: £1,200,000 [share] Awarded to group of suppliers.
6	Munich Re (London) Property Insurance for Unit 3.2 of Lancashire Business Park (LCDL) Reference: 008217-2025-1-1 Value: £1,200,000 [share] Awarded to group of suppliers.

Award Criteria

price

CPV Codes

66510000 - Insurance services

Indicators

Legal Justification

No tenders were received in relation to the publish over threshold open procurement process. Contract Notice reference: 2024/S 000-034213 Award Notice (non award) reference: 2025/S 000-008203 The Broker approached the market via the Lloyds of London marketplace to secure coverage following the failed procurement process. Coverage was found through splitting the single policy across multiple providers who will share the risk on agreed percentages.