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AwardedFind a Tender · award
BuyerPool Re Services Limited
StatusAwarded
DeadlineNot published
ValueValue not published
Published8 Apr 2024

What is being bought

Pool Re is appointing a broker for the provision of Insurance Brokerage services. The Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers. Pool Re requires cover to be placed across a range of insurance policies to include: Professional Indemnity Directors and Officers’ Insurance Crime Cyber Commercial Combined

Delivery location

UKI

Categories

Insurance brokerage and agency services 66518000

Lot details

Lot 1

Pool Re is appointing a broker for the provision of Insurance Brokerage services. The Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers. Pool Re requires cover to be placed across a range of insurance policies to include: Professional Indemnity Directors and Officers’ Insurance Crime Cyber Commercial Combined

Statuscancelled

Award criteria
price

What is included

ItemCategoryQuantity
1Not publishedNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Insurance brokerage and agency services (66518000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 662,7583 median · 17.2 average (1,184 of 2,758 with a bid count)2.5 average (1,316 of 2,758 with named award suppliers)Not published
Same buyer212 median · 12 average (1 of 2 with a bid count)3 average (1 of 2 with named award suppliers)Not published
Delivery region: UKI1772 median · 16.9 average (61 of 177 with a bid count)3.8 average (68 of 177 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

Corporate Insurance Broker

Statusactive
Value£453,191

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-03f575
Latest release ID011283-2024
Latest release timestampMon Apr 08 2024 13:47:19 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release1
Contracts in latest release1
Parties in latest release3

Notice history

DateEventReference
8 Apr 2024award, contract011283-2024
21 Aug 2023tender024444-2023

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "011283-2024",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 2,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2024-04-08T14:47:19+01:00",
  "ocid": "ocds-h6vhtk-03f575",
  "buyer": {
    "id": "GB-FTS-100514",
    "name": "Pool Re Services Limited"
  },
  "awards": [
    {
      "id": "011283-2024-PRE00075-1",
      "title": "Corporate Insurance Broker",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-110143",
          "name": "Marsh Limited"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "PRE00075",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "Pool Re is appointing a broker for the provision of Insurance Brokerage services.\nThe Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers.\nPool Re requires cover to be placed across a range of insurance policies to include:\nProfessional Indemnity\nDirectors and Officers’ Insurance\nCrime\nCyber\nCommercial Combined",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKI"
          }
        ]
      }
    ],
    "title": "1",
    "status": "complete",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "Pool Re is appointing a broker for the provision of Insurance Brokerage services.\nThe Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers.\nPool Re requires cover to be placed across a range of insurance policies to include:\nProfessional Indemnity\nDirectors and Officers’ Insurance\nCrime\nCyber\nCommercial Combined",
    "classification": {
      "id": "66518000",
      "scheme": "CPV",
      "description": "Insurance brokerage and agency services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-100514",
      "name": "Pool Re Services Limited",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI",
        "locality": "London",
        "postalCode": "EC4R 9AF",
        "countryName": "United Kingdom",
        "streetAddress": "Equitable House, 47 King William St"
      },
      "details": {
        "url": "http://www.poolre.co.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Pool Re Services Limited"
      },
      "contactPoint": {
        "name": "Commercial Services",
        "email": "commercialservices@poolre.co.uk"
      }
    },
    {
      "id": "GB-FTS-110143",
      "name": "Marsh Limited",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UKI",
        "locality": "LONDON",
        "postalCode": "EC3R 5BU",
        "countryName": "United Kingdom",
        "streetAddress": "1 TOWER PLACE WEST, TOWER PLACE,"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Marsh Limited"
      }
    },
    {
      "id": "GB-FTS-3649",
      "name": "Royal Court of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "postalCode": "WC2A 2LL",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "Royal Court of Justice"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "011283-2024-PRE00075-1",
      "title": "Corporate Insurance Broker",
      "value": {
        "amount": 453191,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "011283-2024-PRE00075-1",
      "dateSigned": "2024-02-13T00:00:00Z"
    }
  ],
  "initiationType": "tender"
}
Complete JSON history (2 releases)
8 Apr 2024 · 011283-2024 · award, contract
{
  "id": "011283-2024",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "value": 2,
        "measure": "bids",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2024-04-08T14:47:19+01:00",
  "ocid": "ocds-h6vhtk-03f575",
  "buyer": {
    "id": "GB-FTS-100514",
    "name": "Pool Re Services Limited"
  },
  "awards": [
    {
      "id": "011283-2024-PRE00075-1",
      "title": "Corporate Insurance Broker",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-110143",
          "name": "Marsh Limited"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "PRE00075",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "Pool Re is appointing a broker for the provision of Insurance Brokerage services.\nThe Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers.\nPool Re requires cover to be placed across a range of insurance policies to include:\nProfessional Indemnity\nDirectors and Officers’ Insurance\nCrime\nCyber\nCommercial Combined",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKI"
          }
        ]
      }
    ],
    "title": "1",
    "status": "complete",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "Pool Re is appointing a broker for the provision of Insurance Brokerage services.\nThe Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers.\nPool Re requires cover to be placed across a range of insurance policies to include:\nProfessional Indemnity\nDirectors and Officers’ Insurance\nCrime\nCyber\nCommercial Combined",
    "classification": {
      "id": "66518000",
      "scheme": "CPV",
      "description": "Insurance brokerage and agency services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-100514",
      "name": "Pool Re Services Limited",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI",
        "locality": "London",
        "postalCode": "EC4R 9AF",
        "countryName": "United Kingdom",
        "streetAddress": "Equitable House, 47 King William St"
      },
      "details": {
        "url": "http://www.poolre.co.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Pool Re Services Limited"
      },
      "contactPoint": {
        "name": "Commercial Services",
        "email": "commercialservices@poolre.co.uk"
      }
    },
    {
      "id": "GB-FTS-110143",
      "name": "Marsh Limited",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UKI",
        "locality": "LONDON",
        "postalCode": "EC3R 5BU",
        "countryName": "United Kingdom",
        "streetAddress": "1 TOWER PLACE WEST, TOWER PLACE,"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Marsh Limited"
      }
    },
    {
      "id": "GB-FTS-3649",
      "name": "Royal Court of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "postalCode": "WC2A 2LL",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "Royal Court of Justice"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "011283-2024-PRE00075-1",
      "title": "Corporate Insurance Broker",
      "value": {
        "amount": 453191,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "011283-2024-PRE00075-1",
      "dateSigned": "2024-02-13T00:00:00Z"
    }
  ],
  "initiationType": "tender"
}
21 Aug 2023 · 024444-2023 · tender
{
  "id": "024444-2023",
  "tag": [
    "tender"
  ],
  "date": "2023-08-21T09:10:40+01:00",
  "ocid": "ocds-h6vhtk-03f575",
  "buyer": {
    "id": "GB-FTS-83136",
    "name": "Pool Reinsurance Company Limited"
  },
  "tender": {
    "id": "PRE00075",
    "lots": [
      {
        "id": "1",
        "status": "active",
        "renewal": {
          "description": "The contract requirements will be for three (3) years with the option for Pool Re to extend for a further two (2) x 12 month periods."
        },
        "hasOptions": false,
        "hasRenewal": true,
        "description": "Pool Re is seeking to appoint a broker for the provision of Insurance Brokerage services.\nThe Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers.\nPool Re requires cover to be placed across a range of insurance policies to include:\nProfessional Indemnity\nDirectors and Officers’ Insurance\nCrime\nCyber\nCommercial Combined\nInsurance policies held for the provision of employee benefits are out scope for this requirement.\nAdditionally, Pool Re may require, in its absolute discretion, the supplier to provide additional related services and/or expand services during the lifetime of the contract in order to meet future changes in demands/needs or new initiatives. Any modification in respect of additional / expanded services shall be in accordance with the requirements of Regulation 72 of the Public Contracts Regulations 2015. Additional information: Supplier Registration: In order to access the opportunity please access Pool Re’s eSourcing Portal  http://poolre.ukp.app.jaggaer.com/ and complete the Supplier Registration \nEnsure you Complete Registration Data by answering all required questions marked with an asterisk.\nTo Access the ITTs – express an interest through the tab ITTs Open to All Suppliers, this will then move the ITT to My ITTs",
        "contractPeriod": {
          "durationInDays": 1080
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UKI"
          }
        ]
      }
    ],
    "title": "Insurance Broker",
    "status": "active",
    "coveredBy": [
      "GPA"
    ],
    "documents": [
      {
        "id": "economic",
        "documentType": "economicSelectionCriteria"
      },
      {
        "id": "technical",
        "documentType": "technicalSelectionCriteria"
      }
    ],
    "bidOpening": {
      "date": "2023-10-04T14:01:00+01:00"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "recurrence": {
      "description": "3 to 5 years"
    },
    "awardPeriod": {
      "startDate": "2023-10-04T14:01:00+01:00"
    },
    "description": "Pool Re is seeking to appoint a broker for the provision of Insurance Brokerage services.\nThe Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers. \nPool Re requires cover to be placed across a range of insurance policies to include:\nProfessional Indemnity\nDirectors and Officers’ Insurance\nCrime\nCyber\nCommercial Combined\nInsurance policies held for the provision of employee benefits are out scope for this requirement.",
    "tenderPeriod": {
      "endDate": "2023-10-04T14:00:00+01:00"
    },
    "communication": {
      "atypicalToolUrl": "http://poolre.ukp.app.jaggaer.com/"
    },
    "contractTerms": {
      "hasElectronicPayment": true,
      "electronicInvoicingPolicy": "allowed"
    },
    "hasRecurrence": true,
    "classification": {
      "id": "66518000",
      "scheme": "CPV",
      "description": "Insurance brokerage and agency services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "bidValidityPeriod": {
        "durationInDays": 180
      }
    },
    "submissionMethod": [
      "electronicSubmission",
      "written"
    ],
    "procurementMethod": "open",
    "selectionCriteria": {
      "criteria": [
        {
          "type": "technical",
          "description": "The service provider must have the necessary regulatory permissions to provide insurance broking services in the UK."
        }
      ]
    },
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "http://poolre.ukp.app.jaggaer.com/",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-83136",
      "name": "Pool Reinsurance Company Limited",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI",
        "locality": "London",
        "postalCode": "EC4R 9AF",
        "countryName": "United Kingdom",
        "streetAddress": "47 King William Street"
      },
      "details": {
        "url": "http://www.poolre.co.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Pool Reinsurance Company Limited"
      },
      "contactPoint": {
        "url": "http://poolre.ukp.app.jaggaer.com/",
        "email": "commercialservices@poolre.co.uk"
      }
    },
    {
      "id": "GB-FTS-1819",
      "name": "Royal Court of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "postalCode": "WC2A 2LL",
        "countryName": "United Kingdom",
        "streetAddress": "Strand"
      },
      "identifier": {
        "legalName": "Royal Court of Justice"
      }
    }
  ],
  "language": "en",
  "description": "Supplier Registration: In order to access the opportunity please access Pool Re’s eSourcing Portal  http://poolre.ukp.app.jaggaer.com/ and complete the Supplier Registration \nEnsure you Complete Registration Data by answering all required questions marked with an asterisk.\nTo Access the ITTs – express an interest through the tab ITTs Open to All Suppliers, this will then move the ITT to My ITTs List. To express interest in Open Opportunities, please use ITTs Open to All Suppliers. \nJaggaer Supplier Support/ Helpdesk \nGlobal Phone Number:  https://www.jaggaer.com/support/phone-numbers/\nSupplier Contact Form:  https://www.jaggaer.com/submit-supplier-support-request/",
  "initiationType": "tender"
}