Published date: 13 December 2024

This notice was replaced on 5 June 2025

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 5 June 2025, last edited 5 June 2025)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Financial and insurance services - 66000000

  • Insurance services - 66510000

  • Insurance brokerage and agency services - 66518000

    • Insurance brokerage services - 66518100

Location of contract

EC3A 6AB

Value of contract

£125,000,000

Procurement reference

44deeac3-4bb2-44ba-bdc5-b0ab48df450b

Published date

13 December 2024

Closing date

20 January 2025

Closing time

12pm

Contract start date

1 August 2025

Contract end date

31 July 2030

Contract type

Service contract

Procedure type

Restricted procedure (above threshold)

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

UMAL needs to secure the services of a UK-based insurance broker with experience, expertise and capacity to act as an intermediary between UMAL and the insurance market (i.e. insurers, reinsurers, and other risk financing institutions). The broker will be required to assist with insurance needs of UMAL which include:

a. Placing Insurance risks with insurers (both local and international)
b. Ensuring adequate insurance for all UMAL exposures
c. Providing wholesale insurance broking services for HMSL on behalf of its Members
d. Covering the entity risks of UMAL, which includes

i. Office Insurance and related covers
ii. Professional Indemnity
iii. Directors and Officers for UMAL Directors and officers
iv. Crime
v. Cyber

More information

Links

About the buyer

Contact name

Aston Baker

Address

University of Essex, Wivenhoe Park
, ,
Colchester
CO4 3SQ
UNITED KINGDOM

Telephone

01206 872779

Email

ab17001@essex.ac.uk