AWARD OUTCOME
What happened
London Borough of Southwark has awarded and signed a contract for terrorism insurance for its buildings for 2026/27. The contract names Arthur J Gallagher as supplier and states that cover was placed with Brit Syndicate via Arthur J Gallagher.
Published outcomeOne active award and one active contract are recorded for lot 1. The signed contract runs from 1 October 2026 to 30 September 2027.
Market significanceThis is a below-threshold, limited-competition insurance procurement with a disclosed contract value of £97,061.62 excluding VAT (£108,709.01 including VAT).
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
Arthur J Gallagher
98% confidenceAward 1 · Lots 1 · £97,061.62 excluding VAT; £108,709.01 including VAT GBP · Active award; active signed contract
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Award 1 identifies Arthur J Gallagher as supplier. Contract 1 is linked to award 1 and records the contract value and signature date.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
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Document 096244-2026 is described as a 'Contract details notice on Find a Tender'.
Award status
99% confidenceActive
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Award 1 has status 'active'.
Contract status
99% confidenceActive
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Contract 1 has status 'active'.
Contract signature
99% confidenceSigned on 29 September 2026
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Contract 1 records dateSigned as 2026-09-29.
Contract period
99% confidence1 October 2026 to 30 September 2027
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Contract 1 period records startDate 2026-10-01 and endDate 2027-09-30.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£97,061.62
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Contract 1 value.amount is 97061.62 GBP.
Contract value including VAT
99% confidence£108,709.01
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Contract 1 value.amountGross is 108709.01 GBP.
Value allocation
95% confidenceContract-level value for award 1 / lot 1
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The contract is linked to award 1, which relates to lot 1.
TIMELINE
Procurement timeline
Contract signed
99% confidence29 September 2026
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Contract 1 dateSigned is 2026-09-29.
Contract start
99% confidence1 October 2026
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Contract 1 period.startDate is 2026-10-01.
Contract end
99% confidence30 September 2027
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Contract 1 period.endDate is 2027-09-30.
Notice published
99% confidence12 October 2026
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Notice 096244-2026 datePublished is 2026-10-12.
SCOPE
What was awarded
Requirement
98% confidenceTerrorism insurance for London Borough of Southwark buildings for 2026/27
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The process title is 'Terrorism Insurance for 2026 / 2027' and the description states 'Terrorism Insurance for LBS Buildings'.
Insurance placement route
98% confidencePlaced with Brit Syndicate via Arthur J Gallagher
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The published description states that the insurance was 'placed with Brit Syndicate via Arthur J Gallagher'.
Procurement category
99% confidenceInsurance services (CPV 66510000)
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Award item 1 gives CPV 66510000, described as Insurance services.
Delivery area
95% confidenceUKI44
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Award item 1 lists delivery address region UKI44.
PROCEDURE
Procedure and competition
Procedure
99% confidenceLimited
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The tender procurementMethod is 'limited'.
Procedure detail
99% confidenceBelow threshold - limited competition
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The tender procurementMethodDetails states 'Below threshold - limited competition'.
Above-threshold status
99% confidenceNo
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Contract 1 records aboveThreshold as false.
Competition information
99% confidenceNumber of bids not published
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Information not supplied in the published notice.
CONTRACT TERMS
Published contract terms
Term
99% confidence12 months
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The stated period runs from 1 October 2026 through 30 September 2027.
Extension or renewal terms
99% confidenceNot published
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Information not supplied in the published notice.
Lot
99% confidenceLot 1
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Award 1 and contract 1 are linked to lot 1.
COMMERCIAL VIEW
Commercial observations
Commercial structure
97% confidenceThe published wording distinguishes the awarded supplier, Arthur J Gallagher, from Brit Syndicate, named as the placement destination.
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Award 1 names Arthur J Gallagher as supplier, while the description says the insurance was placed with Brit Syndicate via Arthur J Gallagher.
Route to market
99% confidenceBelow-threshold limited competition
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The tender states 'Below threshold - limited competition'.
DATA QUALITY
Gaps and source limitations
Supplier legal-entity verification
98% confidenceNot applicable in supplied verification data
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supplier_identity_status is 'not_applicable'; no verified company name or company number is supplied.
Lot detail
99% confidenceLot 1 has no published title, description or separate value
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Lot 1 is recorded only with status complete; its title, description and value fields are null.
Evaluation and bid data
99% confidenceNot supplied in the published notice
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No bidder count, award criteria, scoring, pricing breakdown or evaluation rationale is provided.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The supplier name is published as Arthur J Gallagher, but no verified legal company name or company number is supplied in the source data.
- The source does not publish bid counts, bidder identities, award criteria, scoring, evaluation rationale, savings or pricing breakdowns.
- Lot 1 has no published title, description or individual lot value.
- No extension, renewal or break terms are published. The re-procurement timing is only an estimate derived from the contract end date.
MARKET THEMES
Relevant award themes
London Borough of SouthwarkArthur J Gallagherterrorism insuranceinsurance servicesBrit Syndicatepublic procurement2026 2027
COMMON QUESTIONS
About this award
Who won Southwark's terrorism insurance contract for 2026/27?
Arthur J Gallagher is the supplier named on active award 1 and the linked active contract.
What is the value of the contract?
The contract value is £97,061.62 excluding VAT and £108,709.01 including VAT.
When does the terrorism insurance contract run?
The published contract period is 1 October 2026 to 30 September 2027.
Is Brit Syndicate the awarded supplier?
No. The award names Arthur J Gallagher as supplier. Brit Syndicate is named in the description as the insurer with which the cover was placed via Arthur J Gallagher.
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.