Insurance Services

A Contract Award Notice
by BANK OF ENGLAND

Source
OJEU
Type
Contract (Services)
Duration
1 year (est.)
Value
£753K
Sector
BUSINESS
Published
09 Mar 2021
Delivery
To 09 Mar 2022 (est.)
Deadline
n/a

Concepts

Location

London

Geochart for 2 buyers and 8 suppliers

2 buyers

5 suppliers

Description

Bank of England annual insurances — property damage/business interruption, employer's liability and public liability, fine art, construction, motor, personal accident and travel.

Lot Division

1 Property Damage and Business Interruption

This lot relates to property damage and business interruption insurance.
2 Primary Combined Liability (Employers Liability GBP 25 Million and Public Liability GBP 10 Million)

This lot relates to primary combined liability (employers liability GBP 25 million and public liability GBP 10 million) insurance.
3 Excess Combined Liability (EL GBP 25 Million in Excess of GBP 25 Million and PL GBP 40 Million in Excess of GBP 10 Million)

This lot relates to excess combined liability (EL GBP 25 million in excess of GBP 25 million and PL GBP 40 million in excess of GBP 10 million) insurance.
4 Excess Public Liability (GBP 50 Million in Excess of GBP 50 Million)

This lot relates to excess public liability (GBP 50 million in excess of GBP 50 million) insurance.
5 Fine Art

This lot relates to fine art insurance.
6 Construction

This lot relates to construction insurance.
7 Motor

This lot relates to motor insurance.
8 Personal Accident and Travel

This lot relates to personal accident and travel insurance.

Award Detail

1 Aviva (Norwich)
  • Property Damage and Business Interruption
  • Reference: dn506315
  • Num offers: 5
  • Value: £547,888
2 Risk Management Partners (London)
  • Primary Combined Liability (Employers Liability GBP 25 Million and Public Liability GBP 10 Million)
  • Reference: dn506315
  • Num offers: 4
  • Value: £99,350
  • Contractor is an SME.
3 Aviva (Norwich)
  • Excess Combined Liability (EL GBP 25 Million in Excess of GBP 25 Million and PL GBP 40 Million in Excess of GBP 10 Million)
  • Reference: dn506315
  • Num offers: 2
  • Value: £39,375
4 American International Group (London)
  • Excess Public Liability (GBP 50 Million in Excess of GBP 50 Million)
  • Reference: dn506315
  • Num offers: 3
  • Value: £15,000
5 Hdi Global Specialty SE (London)
  • Fine Art
  • Reference: dn506315
  • Num offers: 3
  • Value: £19,284
  • Contractor is an SME.
6 Risk Management Partners (London)
  • Construction
  • Reference: dn506315
  • Num offers: 2
  • Value: £4,579
  • Contractor is an SME.
7 Risk Management Partners (London)
  • Motor
  • Reference: dn506315
  • Num offers: 2
  • Value: £22,000
  • Contractor is an SME.
8 Chubb European Group (London)
  • Personal Accident and Travel
  • Reference: dn506315
  • Num offers: 4
  • Value: £5,300

Award Criteria

Supplier long term agreement 10.0
Quality/technical 45.0
PRICE 45.0

CPV Codes

  • 66510000 - Insurance services
  • 66000000 - Financial and insurance services

Indicators

  • Award on basis of price and quality.

Reference

Domains