Provision of Insurance Broker Services

Award

Buyers

Value

£0

Suppliers

Classifications

  • Insurance brokerage services

Tags

  • award

Submission Deadline

3 months ago

Published

3 months ago

Description

Provision of Insurance Broker Service

Documents

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  • Contract Agreement

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  • Award Notice

    Details on the tender award and selected suppliers.

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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 Please also note, although the estimated total value is £125M across a potential 5 year contract we would like to make the following clear The overall value includes both premium and broker fees and could be in the range of £60 - £125m across 5 years Furthermore, to give an idea of just broker fees, this could end up being around £5m to £15m across 5 years Please note all figures are purely estimates.

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Organisation

Police, Fire & Crime Commissioner for Staffordshire

Body governed by public law

Rachel Smith

[email protected]

7967845928

Timeline complete

Publish
Bid
Evaluate
Award
Complete