Competition with a shortlist
Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.
Key facts
- Buyer
- U.M. Association Limited · Body governed by public law
- Supplier
- Lockton Companies LLP
- Value
- Not published
- Procedure
- Restricted procedure
- Sector
- Financial & insurance services · Insurance services (CPV 66510000)
- Region
- London
- Official notice
- 030203-2025 on Find a Tender
- Timeline
-
- Contract date4 Jun 2025
- Published5 Jun 2025Published 1 day after the contract date
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 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 …
About the supplier
Lockton Companies LLP: every public contract they have won.