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PROCUREMENT OPPORTUNITY

Financial Lines Insurance Services

LUPC · Tender notice on Find a Tender

Tender information last checkedLast checked 30 Sept 2026, 00:03.

Opportunity overview

London Universities Purchasing Consortium (LUPC) is undertaking this tendering process for Financial Lines Insurance Services commencing 1 August 2025 across three lots made up of Management Liability, Crime and Professional Indemnity. Offers are invited on behalf of one of more lots. The Agreement is being tendered on behalf of the LUPC Insurance Group, a collaborative group of 27 participating institutions from the following purchasing organisations - London Universities Purchasing Consortium: http://www.lupc.ac.uk/list-of-members.html; Southern Universities Purchasing Consortium: http://www.supc.ac.uk/engage/our-members/our-members; and is also available to members of North East Universities Purchasing Consortium (NEUPC): http://www.neupc.ac.uk/our-members; and North West Universities Purchasing Consortium (NWUPC): http://www.nwupc.ac.uk/our-members. It should be noted that (1) LUPC is not seeking any broker services through this procurement; (2) stated inc. VAT values are inc. IPT (Insurance Premium Tax) and that (3) preliminary market engagement was undertaken in late January 2025, prior to commencement of the Procurement Act 2023.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

RISK MANAGEMENT PARTNERS LTD.

Matched by number
Published award value
Value not stated
Awarded
2 Jul 2025
Award ID
1
Status
pending
Identifier
GB-COH 02989025
Location
London, UKI31, EC4N 8AW, United Kingdom

ARTHUR J. GALLAGHER (UK) LIMITED

Matched by number
Published award value
Value not stated
Awarded
2 Jul 2025
Award ID
2
Status
pending
Identifier
GB-COH 01193013
Location
London, UKI31, EC4N 8AW, United Kingdom

ZURICH INSURANCE COMPANY LTD

Matched by number
Published award value
Value not stated
Awarded
2 Jul 2025
Award ID
3
Status
pending
Identifier
GB-COH BR000105
Location
Hampshire, UKJ36, PO15 7JZ, United Kingdom

Classification

  • CPV66510000 — Insurance services

Lots

  • Management Liability£2.2m
  • Crime£5.4m
  • Professional Indemnity£21.8m

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
INS5104 LU
Status
complete
Has Recurrence
Yes
Above Threshold
Yes
Procurement Method
open
Main Procurement Category
services
Procurement Method Details
Competitive flexible procedure

Procedure

Features
There are potentially two stages, initial tender responses evaluated in stage one followed optionally by further negotiation and submission of best-and-final offers in stage two.

Legal basis

Id
2023/54
Scheme
UKPGA

Recurrence

Dates

Entry 1
Starts
11 Apr 2030, 00:59

Expected award period

Ends
4 Jul 2025, 00:59

Tender Period

Ends
22 May 2025, 14:00

Enquiry period

Ends
29 Apr 2025, 14:00

Submission terms

Electronic Submission Policy
allowed

Languages

en

Lots and requirements

Entry 1
Id
LOT-0001
Title
Management Liability
Status
complete
Has Renewal
Yes
Description
To meet or exceed the Insurance Group's Management Liability cover requirements as defined in the specification within the documentation.

Value

Amount
2,200,000
Currency
GBP
Including VAT
2,464,000

Renewal

Description
The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

Suitability

Sme
Yes

Award criteria

Criteria

Criterion 1
Name
Technical
Type
quality
Description
See documentation

Numbers

Entry 1
Number
45
Weight
percentageExact
Criterion 2
Name
Commercial
Type
price
Description
See documentation

Numbers

Entry 1
Number
55
Weight
percentageExact

Contract period

Ends
1 Aug 2028, 00:59
Starts
1 Aug 2025, 01:00
Max Extent Date
1 Aug 2030, 00:59

Selection criteria

Criteria

Criterion 1
Type
economic
Description
Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.
Criterion 2
Type
technical
Description
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.
Entry 2
Id
LOT-0002
Title
Crime
Status
complete
Has Renewal
Yes
Description
To meet or exceed the Insurance Group's Crime cover requirements as defined in the specification within the documentation.

Value

Amount
5,400,000
Currency
GBP
Including VAT
6,048,000

Renewal

Description
The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

Suitability

Sme
Yes

Award criteria

Criteria

Criterion 1
Name
Technical
Type
quality
Description
See documentation

Numbers

Entry 1
Number
45
Weight
percentageExact
Criterion 2
Name
Commercial
Type
price
Description
See documentation

Numbers

Entry 1
Number
55
Weight
percentageExact

Contract period

Ends
1 Aug 2028, 00:59
Starts
1 Aug 2025, 01:00
Max Extent Date
1 Aug 2030, 00:59

Selection criteria

Criteria

Criterion 1
Type
economic
Description
Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.
Criterion 2
Type
technical
Description
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.
Entry 3
Id
LOT-0003
Title
Professional Indemnity
Status
complete
Has Renewal
Yes
Description
To meet or exceed the Insurance Group's Professional Indemnity cover requirements as defined in the specification within the documentation.

Value

Amount
21,800,000
Currency
GBP
Including VAT
24,416,000

Renewal

Description
The contracting authority will consider entering into long term agreements with the bidder(s). Regardless, each awarded contract is for an initial three years, with the option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

Suitability

Sme
Yes

Award criteria

Criteria

Criterion 1
Name
Technical
Type
quality
Description
See documentation

Numbers

Entry 1
Number
45
Weight
percentageExact
Criterion 2
Name
Commercial
Type
price
Description
See documentation

Numbers

Entry 1
Number
55
Weight
percentageExact

Contract period

Ends
1 Aug 2028, 00:59
Starts
1 Aug 2025, 01:00
Max Extent Date
1 Aug 2030, 00:59

Selection criteria

Criteria

Criterion 1
Type
economic
Description
Provision of contract certainty and insuring party transparency through submission of the Market Reform Contract (where applicable) or equivalent. Standard & Poor’s A- rating or evidenced equivalency.
Criterion 2
Type
technical
Description
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.

Items and delivery

Item 1
Id
LOT-0001
Related Lot
LOT-0001

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66510000
Scheme
CPV
Description
Insurance services
Item 2
Id
LOT-0002
Related Lot
LOT-0002

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66510000
Scheme
CPV
Description
Insurance services
Item 3
Id
LOT-0003
Related Lot
LOT-0003

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66510000
Scheme
CPV
Description
Insurance services

Published documents

Entry 1
Id
conflictOfInterest
Description
Not published
Document Type
conflictOfInterest
Entry 2
Id
014765-2025
Format
text/html
Notice Type
UK4
Description
Tender notice on Find a Tender
Document Type
tenderNotice
Published
11 Apr 2025, 16:37

Buyer, suppliers and contacts

Organisation 1
Id
GB-PPON-PNVT-3763-LBZD
Name
LUPC

Roles

buyer

Address

Region
UKI31
Country
GB
Locality
London
Postal Code
EC3R 8HN
Country Name
United Kingdom
Street Address
LUPC 5th floor Pinnacle House 23-26 St Dunstan's Hill

Details

Classifications

Entry 1
Id
publicAuthoritySubCentralGovernment
Scheme
UK_CA_TYPE
Description
Public authority - sub-central government

Identifier

Id
PNVT-3763-LBZD
Scheme
GB-PPON

Contact

Name
Mike Kilner
Telephone
02073072760
Organisation 2
Id
GB-COH-02989025
Name
RISK MANAGEMENT PARTNERS LTD.

Roles

supplier

Address

Region
UKI31
Country
GB
Locality
London
Postal Code
EC4N 8AW
Country Name
United Kingdom
Street Address
The Walbrook Building

Details

Vcse
No
Scale
sme
Sheltered Workshop
No
Public Service Mission Organization
No

Identifier

Id
02989025
Scheme
GB-COH

Contact

Additional Identifiers

Entry 1
Id
PBRT-8377-RCDJ
Scheme
GB-PPON
Organisation 3
Id
GB-COH-01193013
Name
ARTHUR J. GALLAGHER (UK) LIMITED

Roles

supplier

Address

Region
UKI31
Country
GB
Locality
London
Postal Code
EC4N 8AW
Country Name
United Kingdom
Street Address
The Walbrook Building, 25 Walbrook

Details

Vcse
No
Scale
large
Sheltered Workshop
No
Public Service Mission Organization
No

Identifier

Id
01193013
Scheme
GB-COH

Contact

Additional Identifiers

Entry 1
Id
PDCL-7842-ZCJD
Scheme
GB-PPON
Organisation 4
Id
GB-COH-BR000105
Name
ZURICH INSURANCE COMPANY LTD

Roles

supplier

Address

Region
UKJ36
Country
GB
Locality
Hampshire
Postal Code
PO15 7JZ
Country Name
United Kingdom
Street Address
The Zurich Centre, 3000 Parkway ,Whiteley, Fareham

Details

Vcse
No
Scale
large
Sheltered Workshop
No
Public Service Mission Organization
No

Identifier

Id
BR000105
Scheme
GB-COH

Contact

Additional Identifiers

Entry 1
Id
PQWR-3824-ZVZH
Scheme
GB-PPON

Award information

Award 1
Id
1
Date
3 Jul 2025, 00:00
Status
pending
Has Renewal
Yes
Above Threshold
Yes
Main Procurement Category
services
Assessment Summaries Date Sent
3 Jul 2025, 00:00

Items

Item 1
Id
LOT-0001
Related Lot
LOT-0001

Delivery locations

Entry 1
Region
UKC
Country
GB
Country Name
United Kingdom
Entry 2
Region
UKD
Country
GB
Country Name
United Kingdom
Entry 3
Region
UKE
Country
GB
Country Name
United Kingdom
Entry 4
Region
UKF
Country
GB
Country Name
United Kingdom
Entry 5
Region
UKG
Country
GB
Country Name
United Kingdom
Entry 6
Region
UKH
Country
GB
Country Name
United Kingdom
Entry 7
Region
UKI
Country
GB
Country Name
United Kingdom
Entry 8
Region
UKJ
Country
GB
Country Name
United Kingdom
Entry 9
Region
UKK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66510000
Scheme
CPV
Description
Insurance services
Item 2
Id
LOT-0003
Related Lot
LOT-0003

Delivery locations

Entry 1
Region
UKC
Country
GB
Country Name
United Kingdom
Entry 2
Region
UKD
Country
GB
Country Name
United Kingdom
Entry 3
Region
UKE
Country
GB
Country Name
United Kingdom
Entry 4
Region
UKF
Country
GB
Country Name
United Kingdom
Entry 5
Region
UKG
Country
GB
Country Name
United Kingdom
Entry 6
Region
UKH
Country
GB
Country Name
United Kingdom
Entry 7
Region
UKI
Country
GB
Country Name
United Kingdom
Entry 8
Region
UKJ
Country
GB
Country Name
United Kingdom
Entry 9
Region
UKK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66510000
Scheme
CPV
Description
Insurance services

Value

Amount
0
Currency
GBP
Including VAT
0

Renewal

Description
option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

Documents

Entry 1
Id
037267-2025
Format
text/html
Notice Type
UK6
Description
Contract award notice on Find a Tender
Document Type
awardNotice
Published
3 Jul 2025, 19:52

Suppliers

Supplier 1
Id
GB-COH-02989025
Name
RISK MANAGEMENT PARTNERS LTD.

Milestones

Entry 1
Id
1
Type
futureSignatureDate
Status
scheduled
Due
29 Jul 2025, 23:59

Related lots

LOT-0001
LOT-0003

Contract period

Ends
31 Jul 2028, 23:59
Starts
1 Aug 2025, 00:00
Max Extent Date
31 Jul 2030, 23:59

Standstill Period

Ends
15 Jul 2025, 23:59
Award 2
Id
2
Date
3 Jul 2025, 00:00
Status
pending
Has Renewal
Yes
Above Threshold
Yes
Main Procurement Category
services
Assessment Summaries Date Sent
3 Jul 2025, 00:00

Items

Item 1
Id
LOT-0003
Related Lot
LOT-0003

Delivery locations

Entry 1
Region
UKC
Country
GB
Country Name
United Kingdom
Entry 2
Region
UKD
Country
GB
Country Name
United Kingdom
Entry 3
Region
UKE
Country
GB
Country Name
United Kingdom
Entry 4
Region
UKF
Country
GB
Country Name
United Kingdom
Entry 5
Region
UKG
Country
GB
Country Name
United Kingdom
Entry 6
Region
UKH
Country
GB
Country Name
United Kingdom
Entry 7
Region
UKI
Country
GB
Country Name
United Kingdom
Entry 8
Region
UKJ
Country
GB
Country Name
United Kingdom
Entry 9
Region
UKK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66510000
Scheme
CPV
Description
Insurance services

Value

Amount
0
Currency
GBP
Including VAT
0

Renewal

Description
option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

Documents

Entry 1
Id
037267-2025
Format
text/html
Notice Type
UK6
Description
Contract award notice on Find a Tender
Document Type
awardNotice
Published
3 Jul 2025, 19:52

Suppliers

Supplier 1
Id
GB-COH-01193013
Name
ARTHUR J. GALLAGHER (UK) LIMITED

Milestones

Entry 1
Id
1
Type
futureSignatureDate
Status
scheduled
Due
29 Jul 2025, 23:59

Related lots

LOT-0003

Contract period

Ends
31 Jul 2028, 23:59
Starts
1 Aug 2025, 00:00
Max Extent Date
31 Jul 2030, 23:59

Standstill Period

Ends
15 Jul 2025, 23:59
Award 3
Id
3
Date
3 Jul 2025, 00:00
Status
pending
Has Renewal
Yes
Above Threshold
Yes
Main Procurement Category
services
Assessment Summaries Date Sent
3 Jul 2025, 00:00

Items

Item 1
Id
LOT-0002
Related Lot
LOT-0002

Delivery locations

Entry 1
Region
UKC
Country
GB
Country Name
United Kingdom
Entry 2
Region
UKD
Country
GB
Country Name
United Kingdom
Entry 3
Region
UKE
Country
GB
Country Name
United Kingdom
Entry 4
Region
UKF
Country
GB
Country Name
United Kingdom
Entry 5
Region
UKG
Country
GB
Country Name
United Kingdom
Entry 6
Region
UKH
Country
GB
Country Name
United Kingdom
Entry 7
Region
UKI
Country
GB
Country Name
United Kingdom
Entry 8
Region
UKJ
Country
GB
Country Name
United Kingdom
Entry 9
Region
UKK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66510000
Scheme
CPV
Description
Insurance services

Value

Amount
0
Currency
GBP
Including VAT
0

Renewal

Description
option to extend for two further periods of one year each subject to satisfactory service, performance and cost.

Documents

Entry 1
Id
037267-2025
Format
text/html
Notice Type
UK6
Description
Contract award notice on Find a Tender
Document Type
awardNotice
Published
3 Jul 2025, 19:52

Suppliers

Supplier 1
Id
GB-COH-BR000105
Name
ZURICH INSURANCE COMPANY LTD

Milestones

Entry 1
Id
1
Type
futureSignatureDate
Status
scheduled
Due
29 Jul 2025, 23:59

Related lots

LOT-0002

Contract period

Ends
31 Jul 2028, 23:59
Starts
1 Aug 2025, 00:00
Max Extent Date
31 Jul 2030, 23:59

Standstill Period

Ends
15 Jul 2025, 23:59

Recorded locations

  • Buyer location · London · UKI31 · EC3R 8HN · United Kingdom
  • Delivery location · UK · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-0501ea-2025-07-03T19:52:41+01:00Tender notice on Find a Tender ·