Public Sector Network Tender Alert


401855-2012: UK-London: Insurance brokerage services

TfL is seeking tenders for the provision of Insurance Broking Services. As part of this contract, the Service Provider will also provide reinsurance broking services to TfL's own insurance captive (London Transport Insurance Guernsey). The captive is currently managed on behalf of TfL by Willis Guernsey; management of the captive does not form part of the insurance broking services contract.

Ref: No reference provided,


Transport for London (Commercial - Premises and Office Services Team)
Windsor House, 42- 50 Victoria Street
Contact point(s):
For the attention of: Vicki Akinosho
SW1H 0TL London
Internet address(es):
General address of the contracting entity:
Address of the buyer profile:
Electronic access to information:
Electronic submission of tenders and requests to participate:
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)

Contract value: Transport for London (TfL) is seeking tenders for the provision of Insurance Broking Services. The services shall include the negotiation and placement of various classes of insurance including Construction, Property, Casualty, Financial Lines, Marine and other insurances. The Service Provider shall also advise on alternative risk financing methods and general risk management. Claims Handling Services are not required as these are provided to TfL separately. However the successful Service Provider shall be expected to work with and support the Claim Handlers where appropriate. A detailed specification of the services will appear in the Invitation to Tender. TfL reserves the right to award separate contracts for each of the following categories of the broking services:LOT 1 - Construction.TfL is involved in a variety of projects connected with transport. These include the construction of new roads, bridges, tunnels, stations, depots, railway lines and other projects. The projects are wide-ranging in duration and value. Some specific projects connected with London Underground are insured by the relevant Service Provider but TfL arranges cover as necessary for the annual capital expenditure works (pre planned work on upgrading the underground) and for most large construction projects.LOT 2 - Property and casualty including financial lines and marine.TfL's assets are located throughout the London area and include office buildings, commercial property, trains, garages, depots, tunnels, tracks, roads, bridges and stations. The value of the portfolio is in the order of GBP 53 billion. TfL, on behalf of London Underground is required to arrange a minimum of GBP 155 million Public Liability Insurance in order to comply with the licensing requirements of the Office of the Rail Regulator. TfL also provides Directors and Employees with an indemnity but purchases Directors and Officers and Corporate reimbursement insurances. TfL has its own captive and the successful Service Provider shall be expected to work with the captive when arranging insurance cover and specifically to act as reinsurance broker for the captive in respect of the property insurance.The contract will be awarded for three years with an option to extend for an additional two years (3+2).Estimated value excluding VAT: 2 500 000 GBP

Published: 19 Dec 2012, Receipt by: 18 Jan 2013