UK Export Finance Political and Credit Risk Insurance Services

UK Export Finance (“the customer”) has a potential requirement for the provision of Political and Credit Risk Insurance Services.

Insurance Brokerage Services

• Arranging the placing of new Contracts of Insurance (as described below)
• Managing communications and endorsements relating to new and existing Contracts of Insurance

Political and Credit Risk Insurers

The typical profile of the insurance policies is (but not limited to):

• Political and Credit Risk, generally involving counterparties outside the UK
• Facultative Insurance Policies (although other forms of insurance policy may be considered, eg Treaty Insurance)
• Sums insured typically between £10m and £500m
• Call offs to be made through direct award or further competitions c.5 times per annum
• Insurance tenors between 5 and 15 years
• Transactions and Premiums denominated in US Dollars or Euros

At this stage of the procurement UKEF are conducting pre-market engagement and would like to hear from organisations interested in either or both opportunities.

To register your interest, please email corporateservices@trade.gov.uk by COP Wednesday 4th August 2021.