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Insurance Tender - Property Lot 1 Awards 2024-2029

capitalEsourcing Published 18 Apr 2024 Contracts Finder

key details

Value£3,310,440
Statuscomplete
Category (CPV) 66510000 +1 more
Deadline19 Feb 2024
Contract start1 Apr 2024
Contract end2 Apr 2029
Procedureopen
SME suitableNo
OCIDocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57

Award

SupplierValueDateStatus
Protector Forsikring ASA £3,310,440 4 Mar 2024 active

description

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Property Lot 1 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Property insurance.

The contract is split into 10 Lots as follows:

Lot 1: Property

Lot 2: Combined Liability Lot 3: Terrorism

Lot 4: Director & Officers Liability Lot 5: Crime

Lot 6: PA and Travel Lot 7: School Journey Lot 8: Motor Fleet Lot 9: Residential leasehold buildings Lot 10 Engineering Inspection

The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024.

The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance. Additionally, the rate applied by the insurers may be adjusted dependent on the claims loss ratio.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
18 Apr 2024 Award (award) · 595082f9-9156-4760-9182-a099b7744084-742188

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