Published date: 18 August 2017

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 12 May 2017

Contract summary

Industry

  • Insurance services - 66510000

Location of contract

Any region

Value of contract

£0

Procurement reference

INS5046LU/2

Published date

18 August 2017

Closing date

12 May 2017

Contract start date

1 August 2017

Contract end date

31 July 2020

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Insurance services expected to be divided across 16 lots and required by institutions participating as Members of the London University Purchasing Consortium Insurance Group. This will require insurance provision for several areas including but not limited to: property, business interruption and money risks, employers and public liability, professional indemnity, clinical research and trials, engineering and motor fleet. The provision excludes life insurance. This agreement commencing 1.8.2017, is for a 3 year contract with the option to extend for a further 2 years and is initially on behalf of 43 Full and Associate Members of the LUPC Insurance Group, which includes Members from the neighbouring Southern Universities Purchasing Consortium (SUPC). Members of the North Eastern Universities Purchasing Consortium (NEUPC) are also permitted to participate. Links to the participating consortia including a list of current Members may be found at: LUPC http://lupc.ac.uk/list-of-members.html, SUPC http://www.supc.ac.uk/about-us/our-members/ourmembers and NEUPC http://www.neupc.ac.uk/ourmembers. The institutions involved in this agreement may be subject to change during the term of the Agreement. Two Lots, 4 (Fine Arts) and 5 (Terrorism), have not been awarded and will be re-tendered shortly.

More information

Previous notice about this procurement

General Insurance Services (Non-Brokerage)

  • Opportunity
  • Published 10 March 2017

Attachments

Links

Additional text

Bids are permitted from Insurance Companies and Education Sector mutual organisations. Bids are not permitted from Insurance Brokers.

Applicants are requested to provide with their letter of application details of their financial standing, including confirmation of company registration number and the company address. Applicants may be asked for further information if the contract authority feels it is
necessary. The financial assessment will be based upon a credit check and review of the supplied accounts in relation to the value of business for the Lot(s) applied for.

All bidders should hold a Standard & Poor's (or equivalent rating agency) rating of A- or better. If you do not hold a financial rating from a rating agency please provide for consideration by the contract
authority, your financial statements for the past two years and documentation supporting and demonstrating your financial status and ongoing longevity.

Service providers shall be authorised to write the classes of insurance listed within EU member states subject to English law and jurisdiction of English Courts, or shall be University sector mutual associations.

Bidders are required to register their interest and obtain documentation, which excludes the Member specification, at https://lupc.bravosolution.co.uk/web/login.shtml
Once registered, bidders will receive an encrypted USB device by post providing full details of the specification at Insurance Group Member level. Details of the password required to decrypt the data
will be communicated to bidders and in order to receive this, each interested bidder must agree to our confidentiality requirements on this data. The contracts (by Lot) will be for a period of up to 5 years.

Award information

Awarded date

18 July 2017

Contract start date

1 August 2017

Contract end date

31 July 2020

Total value of contract

£0

This contract was awarded to 4 suppliers.

Zurich Municipal

Address

Zurich House
2 Gladiator Way
Farnborough
Hampshire
GU14 6GB

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Royal & Sun Alliance Insurance Group PLC

Address

20 Fenchurch Street, London EC3M 3AU

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Newline Underwriting Management Ltd

Address

Corn Exchange, 55 Mark Lane, London EC3R 7NE

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Novae Underwriting Ltd

Address

21 Lombard Street, London EC3V 9AH

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Mike Kilner

Address

Shropshire House, 179 Tottenham Court Road
London
W1T 7NZ
England

Email

m.kilner@lupc.ac.uk

Website

https://lupc.bravosolution.co.uk/web/login.shtml