T1115 - UMAL Insurance Broker
This is a contract result notice, not an open opportunity. Details from the official award data.
The procurement contact named on the official notice.
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.
What the notice asks for
UMAL needs to secure the services
UMAL needs to secure the services of a UK-based insurance broker with experience,.
The broker will be required
The broker will be required to.
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
What this notice demands of you
1 named, none in explicit obligation language. Each one is quoted from the notice.
Professional Indemnity
Matched against the notice text, so this is a floor — the tender pack will demand things the notice never mentions. “Says must” means the quoted sentence itself used obligation language; anything ambiguous is left as a mention.
Skills, tools & certifications
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Make the case to bid
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- OCID
- ocds-h6vhtk-04c7e0
- Stage
- award · Awarded
- Source
- Find a Tender
- Buyer ref
- 030203-2025
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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