T1115 - UMAL Insurance Broker
Estimated value
£125.0m
Awarded value
£125.0m
Suppliers
1
Lots
1
Published
05 Jun 2025
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
Scope
- Reference
- 44deeac3-4bb2-44ba-bdc5-b0ab48df450b
- Total value
- £125,000,000 excluding VAT
- Commercial tool
- Standalone contract
- Contract dates
- 31 Jul 2025 to 30 Jul 2030
- CPV classifications
- 66000000
- Particular suitability
- Small and medium-sized enterprises (SME)
Submission & procedure
- Submission deadline
- 20 Jan 2025, 12:00 pm
Award details
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
£125.0m
Award date
04 Jun 2025
Contract start
31 Jul 2025
Contract end
30 Jul 2030