T1115 - UMAL Insurance Broker

Published

5 June 2025

Place of performance

UKI

Procedure

Restricted procedure

Lots

1

Notice number

030203-2025

Reference

ocds-h6vhtk-04c7e0

Official source

Official source

CPV codes

• 66510000Insurance services
• 66518000Insurance brokerage and agency services
• 66518100Insurance brokerage services

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 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.

Awards

Official publications

• FTS · 030203-2025 · 5 June 2025

Frequently asked questions

Who is the buyer of this tender?

The contracting authority is U.M. Association Limited (United Kingdom).

How can I bid for public tenders in the United Kingdom?

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