T1115 - UMAL Insurance Broker

University of EssexcontractContracts FinderRef 44deeac3-4bb2-44ba-bdc5-b0ab48df450bSME suitablecomplete
View buyer

Estimated value

£125.0m

Awarded value

£125.0m

Awarded 04 Jun 2025

Suppliers

1

Lots

1

1 awarded

Published

05 Jun 2025

Deadline 20 Jan 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

Awarded to