RFP QuestBeta
Awarded · ResultStage · contract

Newcastle University

NU/1898 Property & Professional Indemnity Insurance

Financial ServicesCPV 66510000 66515200
Value£3.2m
Awarded26 May 2023
Published26 Apr 2023
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£3.2mtotal contract value
median £150k
this tender£0£4.7m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

The University has issued a PIN (call for competition) for Property & Professional Indemnity insurances as required by Newcastle University.

The tender process is being managed by Arthur J.

Gallagher Insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements.

Details of the University's risk profile are available from Arthur J.

Gallagher Insurance Brokers.

This may be amended from time to time to meet the changes in the University's requirements.

The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement.

The tender process is therefore being managed by Arthur J.

Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer.

It is the University's preference to enter into a longer term agreement for a period of 4 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2023 or for a single years plus 3 extension options for a further year.

To participate in this exercise you should contact UKPublicSector@AJG.com and Leigh.Robinson@ncl.ac.uk

Key requirements

What the supplier must deliver

01

The University recognises that there may

The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement.

02

Gallagher insurance Brokers Ltd who will conduct

Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer.

03

To participate in this exercise you should

To participate in this exercise you should contact UKPublicSector@AJG.com and Leigh.Robinson@ncl.ac.uk.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
fb7ec20d-3351-4c95-942a-40457c56cdf9
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
NCL001-DN666612-68289491
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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