Tender description

Insurance invitation to tender for the supply of Property and Liability Insurance 2020 for The Mayor's Office for Police and Crime.

Legal, economic, financial and technical information

List and brief description of selection criteria
Service providers shall be authorised to write the classes of insurance listed within EU member states subject to English law and jurisdiction of English Courts.
Minimum level(s) of standards possibly required

All bidders should hold an AM Best rating of BBB+ or equivalent.

In addition where a contract is divided into lots then the minimum yearly turnover shall be twice the expected contract value of each individual lot(s) bid for, but the authority may set a minimum yearly turnover that a successful tenderer is to have in the event they are awarded several lots to be executed at the same time.

List and brief description of selection criteria

Applicants are requested to provide with their letter of application details of their financial standing, including confirmation of company registration number and the company address.

Applicants may be asked for further information if the authority feels it is necessary.

The financial assessment will be based upon a credit check and review of the supplied accounts in relation to the value of business for the lot(s) applied for.

Reference to the relevant law, regulation or administrative provision

Reference to the relevant law, regulation or administrative provision:

Financial Services and Market Act 2000, Insurance Companies Act 1982 and other statutory modifications thereof and associated obligations of the Financial Conduct Authority.

Insurers must be authorised to carry out business in the relevant class of insurance listed in II.1.4).

This competition does not include a requirement for insurance broking services and insurance brokers are not eligible to participate in the tender.

Participation is reserved to a particular profession
Yes
List and brief description of conditions

This tender is open only to insurance companies and Managing General Agents regulated by the Financial Conduct Authority and Market Act 2000, Insurance Companies Act 1982 and any other statutory modifications thereof. Insurance companies and MGA’s may provide terms through an intermediary/broker.

For the avoidance of doubt this competition does not include a requirement for insurance broking services and placement of coverage will be by Gallagher with the bidding Insurers/MGA and not via the introducing intermediary.

Evaluation will be undertaken as referred to within the ITT document.



Procedure

Date
2020-06-08
Local time
12:00
Type of contest
Restricted
The procurement is covered by the Government Procurement Agreement
No
Languages in which projects or requests to participate may be drawn up
EN

Complementary information

This is a recurrent procurement
No
Service from which information about the review procedure may be obtained

High Court

Royal Courts of Justice, The Strand

London

WC2A 2LL

Review body

The Mayor's Office for Police and Crime

Holborn Police Station, 2nd Floor, 10 Lamb's Conduit Street

London

WC1N 3NR

Date of dispatch of this notice
2020-05-18
Body responsible for mediation procedures

The Mayor's Office for Police and Crime

Holborn Police Station, 2nd Floor, 10 Lamb's Conduit Street

London

WC1N 3NR

Main CPV code 66510000

Bidding information

Bidding deadline

8 Jun 2020

11 days remaining

Total estimated value

GBP 1.5 million

Locations

United Kingdom, Greater London

LOTS ASSOCIATED WITH THIS TENDER

Material Damage and Business Interruption

Value

GBP Not specified

Material Damage and Business Interruption Comprising material damage, business interruption, theft and terrorism.

Start

2020-10-01

End

2023-09-30

Description of options

These will be detailed in the Part 2 document of the ITT.

Description of renewals

Contract is to run for 3 years with the option to extend for a further two periods of 1 year each.

Excess Layer

Value

GBP Not specified

Excess Layer Comprising material damage, business interruption, theft and terrorism.

Start

2020-10-01

End

2023-09-30

Description of options

These will be detailed in the Part 2 document of the ITT.

Description of renewals

Contract is to run for 3 years with the option to extend for a further two periods of 1 year each.

Liability

Value

GBP Not specified

Liability Comprising employer's liability and public/products liability.

Start

2020-10-01

End

2023-09-30

Description of options

These will be detailed in the Part 2 document of the ITT.

Description of renewals

Contract is to run for 3 years with the option to extend for a further two periods of 1 year each.

Excess Liability

Value

GBP Not specified

Excess Liability Comprising employer's liability and public/products liability.

Start

2020-10-01

End

2023-09-30

Description of options

These will be detailed in the Part 2 document of the ITT.

Description of renewals

Contract is to run for 3 years with the option to extend for a further two periods of 1 year each.

Package

Value

GBP Not specified

Package Comprising material damage, business interruption, theft, terrorism, employers liability and public/products liability.

Start

2020-10-01

End

2023-09-30

Description of options

Yes and these will be detailed in the Part 2 document of the ITT.

Description of renewals

Contract is to run for 3 years with the option to extend for a further two periods of 1 year each.

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