Network Rail insurance brokerage services award to WILLIS LIMITED

Tender information last checkedLast checked 19 Oct 2026, 17:11.

Opportunity overview

The provision of services will begin from 1st January 2027 with services initially for Network Rail Limited and its subsidiaries. During 2027 and the further UK Rail reform this will see broker services expand to include DfT Operator Limited as it merges with Network Rail for the formation of Great British Railways. Following the formation of Great British Railways, the Insurance Broking Services will be for the Great British Railways entity. The formation of Great British Railways is anticipated to be Q3 2027. More information of Rail Industry Reform is summarised later in this document. The key objectives includes: Secure sustainable, value-for-money insurance and risk transfer aligned to the evolving GBR operating model. Maintain uninterrupted coverage through organisational and asset transfers, including any change in insured names, interests, and contractual interfaces. Provide proactive risk advisory, claims excellence, and credible market advocacy that reflects the complexity of UK rail infrastructure, operations, and regulation. As part of planned reforms to the rail industry, including the establishment of Great British Railways (GBR), it is possible that stations and other associated assets currently operated by train operators contracted by the Secretary of State for Transport may also come within the scope of such contract although the timing and volume of such opportunities is not yet known.

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.

Willis Ltd

Matched by exact name

Published award value: £1.7m
Awarded: 18 Oct 2026
Award ID: 1
Status: pending
Identifier: GB-PPON PXJQ-6583-WDXD
Location: London, UKI31, EC3M 7DQ, United Kingdom

Classification

No classification was supplied.

Lots

Lot 1Value not stated

Documents and notices

Contract award notice on Find a TenderOpen source ↗

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: ocds-h6vhtk-065b12
Status: complete
Procurement Method: selective
Procurement Method Details: Competitive flexible procedure

Legal basis

Id: 2023/54
Scheme: UKPGA
Uri: https://www.legislation.gov.uk/ukpga/2023/54/contents ↗

Special regime

utilities

Lots and requirements

Entry 1

Id: 1
Status: complete

Buyer, suppliers and contacts

Organisation 1

Name: NETWORK RAIL INFRASTRUCTURE LIMITED
Id: GB-PPON-PNZN-9524-VCQJ

Identifier

Scheme: GB-PPON
Id: PNZN-9524-VCQJ

Address

Street Address: Waterloo General Office
Locality: London
Postal Code: SE1 8SW
Country: GB
Country Name: United Kingdom
Region: UKI45

Contact

Name: Jack Spence
Email: jack.spence2@networkrail.co.uk

Roles

buyer

Details

Url: https://www.networkrail.co.uk/ ↗

Classifications

Entry 1

Scheme: UK_CA_TYPE
Id: publicAuthorityCentralGovernment
Description: Public authority - central government

Organisation 2

Name: Willis Ltd
Id: GB-PPON-PXJQ-6583-WDXD

Identifier

Scheme: GB-PPON
Id: PXJQ-6583-WDXD

Address

Street Address: 51 Lime Street
Locality: London
Postal Code: EC3M 7DQ
Country: GB
Country Name: United Kingdom
Region: UKI31

Contact

Email: approvedpersons@wtwco.com

Roles

supplier

Details

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

Award information

Award 1

Id: 1
Title: Insurance Brokerage Services
Status: pending
Date: 19 Oct 2026, 00:00
Main Procurement Category: services
Above Threshold: Yes
Has Renewal: Yes
Assessment Summaries Date Sent: 19 Oct 2026, 00:00

Items

Item 1

Id: 1
Related Lot: 1

Additional Classifications

Entry 1

Scheme: CPV
Id: 66518000
Description: Insurance brokerage and agency services

Delivery locations

Entry 1

Region: UK
Country: GB
Country Name: United Kingdom

Value

Including VAT: 2,044,384.45
Amount: 1,703,653.71
Currency: GBP

Suppliers

Supplier 1

Id: GB-PPON-PXJQ-6583-WDXD
Name: Willis Ltd

Standstill Period

Ends: 28 Oct 2026, 23:59

Contract period

Starts: 1 Jan 2027, 00:00
Ends: 31 Dec 2029, 23:59
Max Extent Date: 31 Dec 2031, 23:59

Renewal

Description: 1+1

Related lots

Documents

Entry 1

Id: 098622-2026
Document Type: awardNotice
Notice Type: UK6
Description: Contract award notice on Find a Tender
Url: https://www.find-tender.service.gov.uk/Notice/098622-2026 ↗
Published: 19 Oct 2026, 15:52
Format: text/html

Milestones

Entry 1

Id: 1
Type: futureSignatureDate
Due: 29 Oct 2026, 23:59
Status: scheduled

Recorded locations

Buyer location · London · UKI45 · SE1 8SW · United Kingdom

Notice and amendment history

3 published notice versions reviewed by ProcuraAxis.

3 VERSIONS

016490-2026Preliminary market engagement notice on Find a Tender · 24 Feb 2026, 14:02
043165-2026Tender notice on Find a Tender · 11 May 2026, 16:20
098622-2026Contract award notice on Find a Tender · 19 Oct 2026, 15:52

PROCURAAXIS AWARD ANALYSIS

Award outcome intelligence

Evidence-bound analysis of the published award appears below the official tender and award information.

ANALYSIS PREVIEW

Award intelligence at a glance

Network Rail Infrastructure Limited has announced a pending award to WILLIS LIMITED for insurance brokerage services. The award covers lot 1 and is intended to support Network Rail initially, with a planned transition of services to Great British Railways as rail reform progresses.

Published outcome signals

Current statusPending awardEvidence: Award 1 is marked "pending"; the notice is a Contract award notice.
Award decision date19 October 2026Evidence: Award 1 date: 2026-10-19.
Standstill end28 October 2026, 23:59:59 UTCEvidence: Award 1 standstillPeriod.endDate: 2026-10-28T23:59:59+00:00.

94% approved-analysis confidence1 supplier record analysed5 source limitations

SOURCE AND FRESHNESS

Traceable procurement data

Source: Find a Tender
Notice reference: 098622-2026
OCID: ocds-h6vhtk-065b12
First published: 11 May 2026
Last checked: 19 Oct 2026, 17:11
Notice versions reviewed: 3

View Find a Tender notice ↗

HOW THIS WAS PREPARED

Approved, evidence-bound analysis

ProcuraAxis structures information found in published procurement records, checks the result for consistency and publishes only approved analysis. Confidence describes the completeness and consistency of the available source information; it is not a guarantee of eligibility or contract award.

Analysis status: Approved for publication
Analysed: 19 Oct 2026

Read the analysis methodology →

AWARD OUTCOME

What happened

Published outcome

Award decision announced; the award remains pending and is not evidenced as signed or active.

Market significance

The procurement concerns insurance brokerage, risk transfer, risk advisory and claims support for a major UK rail organisation during its planned transition to Great British Railways.

AWARDED SUPPLIERS AND LOTS

1 supplier record analysed

WILLIS LIMITED

99% confidence

Award 1 · Lots 1 · £1,703,653.71 net; £2,044,384.45 gross GBP · Verified supplier named in a pending award

View supporting evidence

Supplier verification identifies WILLIS LIMITED (company number 00181116); award 1 names Willis Ltd and gives values of GBP 1,703,653.71 amount and GBP 2,044,384.45 amountGross.

LIFECYCLE

Award or contract stage

Current status

99% confidence

Pending award

View supporting evidence

Award 1 is marked "pending"; the notice is a Contract award notice.

Award decision date

99% confidence

19 October 2026

View supporting evidence

Award 1 date: 2026-10-19.

Standstill end

99% confidence

28 October 2026, 23:59:59 UTC

View supporting evidence

Award 1 standstillPeriod.endDate: 2026-10-28T23:59:59+00:00.

Future signature milestone

99% confidence

29 October 2026

View supporting evidence

Award milestone type futureSignatureDate is scheduled for 2026-10-29T23:59:59+00:00.

Contract conclusion

99% confidence

Not evidenced

View supporting evidence

The supplied award is pending and lists only a future signature milestone.

VALUES

Published values explained

Award value excluding VAT

99% confidence

£1,703,653.71

View supporting evidence

Award 1 value.amount: 1703653.71 GBP.

Award value including VAT

99% confidence

£2,044,384.45

View supporting evidence

Award 1 value.amountGross: 2044384.45 GBP.

Process-level maximum value

85% confidence

£500,000

View supporting evidence

Top-level process value_max is GBP 500,000.

TIMELINE

Procurement timeline

Preliminary market engagement notice

99% confidence

24 February 2026

View supporting evidence

Release history records preliminary market engagement notice 016490-2026 published on 2026-02-24.

Tender notice published

99% confidence

11 May 2026

View supporting evidence

Release history records tender notice 043165-2026 published on 2026-05-11.

Tender submission deadline

99% confidence

25 May 2026, 13:00 BST

View supporting evidence

Process submission_deadline: 2026-05-25T13:00:00+01:00.

Award notice published

99% confidence

19 October 2026

View supporting evidence

Award notice document 098622-2026 was published on 2026-10-19.

Planned service start

99% confidence

1 January 2027

View supporting evidence

Award contractPeriod.startDate is 2027-01-01; the description also states services will begin from 1 January 2027.

Initial planned end

99% confidence

31 December 2029

View supporting evidence

Award contractPeriod.endDate: 2029-12-31T23:59:59+00:00.

Maximum stated extent

99% confidence

31 December 2031

View supporting evidence

Award contractPeriod.maxExtentDate: 2031-12-31T23:59:59+00:00.

SCOPE

What was awarded

Service category

99% confidence

Insurance brokerage and agency services

View supporting evidence

Award item CPV 66518000 is described as insurance brokerage and agency services.

Core requirements

98% confidence

Insurance and risk transfer, continuity of cover during organisational and asset transfers, risk advisory, claims support and market advocacy.

View supporting evidence

Process description lists these objectives.

Geographic delivery

99% confidence

United Kingdom

View supporting evidence

Award item delivery address region is UK.

Organisational scope

96% confidence

Initially Network Rail Limited and subsidiaries; intended to expand to DfT Operator Limited and then Great British Railways following the planned merger.

View supporting evidence

Process description states this planned service transition.

Potential additional scope

97% confidence

Stations and associated assets operated by train operators may enter scope, but timing and volume are unknown.

View supporting evidence

Process description states this is possible and not yet quantified.

PROCEDURE

Procedure and competition

Procedure

99% confidence

Selective, competitive flexible procedure

View supporting evidence

Process procurementMethod is selective and procurementMethodDetails is Competitive flexible procedure.

Regime

99% confidence

Utilities

View supporting evidence

Tender specialRegime includes utilities.

Above-threshold status

99% confidence

Yes

View supporting evidence

Award 1 aboveThreshold is true.

Competition metrics

99% confidence

Not supplied in the published notice data.

View supporting evidence

No bid or participant counts, evaluation scores or ranking are provided.

CONTRACT TERMS

Published contract terms

Planned term

99% confidence

1 January 2027 to 31 December 2029

View supporting evidence

Award contractPeriod startDate and endDate.

Extension structure

99% confidence

Two possible one-year extensions (1+1), to a maximum stated extent of 31 December 2031.

View supporting evidence

Award hasRenewal is true, renewal description is "1+1", and maxExtentDate is 2031-12-31.

Contract status

99% confidence

Not evidenced as signed, concluded or commenced.

View supporting evidence

Award status is pending; signature is shown only as a scheduled future milestone.

COMMERCIAL VIEW

Commercial observations

Transition-sensitive delivery

97% confidence

The broker will need to maintain insurance continuity while insured entities, assets and contractual interfaces may change through rail reform.

View supporting evidence

This is an explicit objective in the process description.

Variable future demand

97% confidence

Potential inclusion of train-operator stations and associated assets creates an unquantified potential scope increase.

View supporting evidence

The process description says timing and volume are not yet known.

Value discrepancy

99% confidence

The award value (£1.704m net) exceeds the process-level maximum value (£500,000); the supplied data does not explain the discrepancy.

View supporting evidence

Top-level value_max is GBP 500,000, while award 1 value.amount is GBP 1,703,653.71.

ANALYSIS QUALITY

94%overall confidence

Confidence reflects the completeness and consistency of the published award data.

Reference: ocds-h6vhtk-065b12
Analysed: 19 Oct 2026

APPROVED AWARD ANALYSIS

BUYER CONTEXT

Buyer context

Buyer

99% confidence

NETWORK RAIL INFRASTRUCTURE LIMITED

View supporting evidence

Buyer party name in the notice.

Buyer classification

99% confidence

Public authority – central government

View supporting evidence

Buyer party classification UK_CA_TYPE: publicAuthorityCentralGovernment.

Strategic context

95% confidence

The service is intended to support continuity through rail reform and the anticipated formation of Great British Railways in Q3 2027.

View supporting evidence

Process description describes the anticipated GBR formation and related transition.

SUPPLIER CONTEXT

Supplier context

Legal supplier identity

99% confidence

WILLIS LIMITED (company number 00181116)

View supporting evidence

Supplier verification status is verified through an exact-name match, with verified company name WILLIS LIMITED and number 00181116.

Source trading/style name

99% confidence

Willis Ltd

View supporting evidence

The supplier party and source supplier name are recorded as Willis Ltd.

Supplier scale

99% confidence

Large enterprise

View supporting evidence

Supplier party details scale is large.

RENEWAL OUTLOOK

Renewal outlook

Earliest renewal decision point

78% confidence

Estimated before 31 December 2029

View supporting evidence

The initial stated end date is 31 December 2029 and the notice specifies a 1+1 extension structure. Timing of any decision is not published.

Maximum potential end date

98% confidence

31 December 2031

View supporting evidence

Award contractPeriod.maxExtentDate is 2021-12-31T23:59:59+00:00.

DATA QUALITY

Gaps and source limitations

Award versus contract status

99% confidence

The source is a contract award notice but the individual award is pending. It should be reported as an announced award decision, not as a signed or active contract.

View supporting evidence

Award status is pending and futureSignatureDate is scheduled.

Value consistency

99% confidence

The process-level maximum value conflicts with the higher award value; no explanation is supplied.

View supporting evidence

Process value_max is £500,000; award net amount is £1,703,653.71.

Lot detail

99% confidence

Lot 1 is identified, but no lot title, description or standalone lot value is supplied.

View supporting evidence

Lot record contains no title, description or value.

Unpublished commercial detail

99% confidence

Information on bids received, evaluation, pricing structure, award rationale and final signature is not supplied in the published notice data.

View supporting evidence

These fields are absent from the supplied records.

SOURCE DATA LIMITATIONS

Information not supplied in the published notice

The award is pending; the supplied evidence does not establish a signed, concluded or active contract.
The process-level maximum value (£500,000) conflicts with the award value (£1,703,653.71 excluding VAT), and no reconciliation is supplied.
Lot 1 has no published title, description or separate value.
Information not supplied in the published notice includes bid numbers, bidder identities, evaluation results, award rationale, pricing breakdown and the timing of any extension decision.
Potential expansion to stations and associated assets is expressly unquantified.

MARKET THEMES

Relevant award themes

COMMON QUESTIONS

About this award

Who has been named for the Network Rail insurance brokerage services award?

WILLIS LIMITED has been named as supplier for award 1. Its identity was verified as company number 00181116.

Is the Network Rail insurance brokerage contract signed?

No. The supplied award record is pending and lists a future signature milestone of 29 October 2026.

What is the stated value of the award?

The award states £1,703,653.71 excluding VAT and £2,044,384.45 including VAT.

When are services planned to start?

The stated planned start date is 1 January 2027.

What is the planned maximum term?

The initial term is stated to end on 31 December 2029, with a 1+1 extension structure and maximum stated extent to 31 December 2031.

ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.

Insurance Brokerage Services

Opportunity overview

Awarded to

Willis Ltd

Classification

Lots

Documents and notices

Published notice details

Scope, procedure and submissions

Legal basis

Special regime

Lots and requirements

Buyer, suppliers and contacts

Identifier

Address

Contact

Roles

Details

Classifications

Identifier

Address

Contact

Roles

Details

Award information

Items

Additional Classifications

Delivery locations

Value

Suppliers

Standstill Period

Contract period

Renewal

Related lots

Documents

Milestones

Recorded locations

Notice and amendment history

Award intelligence at a glance

Published outcome signals

Traceable procurement data

Approved, evidence-bound analysis

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