Contract award · 10 Mar 2026

Tranche 11 Political Credit Risk Lot 2 Call-off

UK Export Finance awarded “Tranche 11 Political…” to AON UK Ltd, American International Group UK Ltd, Ascot Underwriting Limited for £17.6m.

Financial & insurance servicesLondon

Value across 2 lots £17.6m

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Key facts

Buyer
UK Export Finance · Ministry or any other national or federal authority, including their regional or local subdivisions
Value
£17,577,066.92 across 2 lots
Procedure
Call-off from a framework agreement
Sector
Financial & insurance services · Insurance services (CPV 66510000)
Region
London
Timeline
  1. Contract date10 Mar 2026
  2. Published8 Apr 2026Published 29 days after the contract date

Description

Facultative insurance call-off from a UKEF framework. Payment made through broker to multiple insurers.

Lots in this award

LotSupplierValue
Tranche 11 Political Credit Risk Lot 2 Call-offAON UK Ltd£8.79m
Tranche 11 Political Credit Risk Lot 2 Call-offAmerican International Group UK Ltd, Ascot Underwriting Limited, AXA XL Insurance Company UK Limited, Canopius Managing Agents Limited, Chubb European Group SE +8 more£8.79m

About the suppliers

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