Official UK procurement notice
Corporate Insurance Services · UK public procurement notice
Authority: Reading Borough Council (Local council)
What is being bought6 lots · detail below
Published requirement descriptionWe are seeking tender submissions for annual policies, which commence on 1st April 2026 in the name of:
Reading Borough Council
CIVIC OFFICES, BRIDGE STREET, READING, BERKSHIRE RG1 2LU
Additional Insured Interests:
Brighter Futures for Children - a wholly owned Children Services Company - cease trading brought back into RBC 31 March 2026.
Whilst Homes for Reading are a wholly owned Company they are not included in the tender.
The Long Term Agreement shall contain a break clause in the event of any significant changes to the Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Authority.
In the event of an intended break in the Long Term Agreement the insurer must provide the Authority with 6 months' notice to enable the Authority to procure a suitable alternative. Please advise within your Tender Specification if this cannot be complied with.
The Authority allows a successful Tender to transfer the insurance policies placed as a result of this Tender to another insurer during the term of the LTA provided that the new insurer is in the same ultimate as the original one, the insurer credit rating is not adversely affected and the terms and conditions of the insurance remain the same.
Full details of the requirement can be found in the Specification document. The tender documents contain proposals for the works. Estimated contracted value is £8.5M over 3 years.
CPV: Insurance services
Lots and requirements (6)Procurement structure
6 lots · all with a published value (£6,800,000 together)Lot #1PropertyAwardedRenewalPublished value£2,436,000
This Section incorporates the following classes of business:
Property (General Properties) - Buildings & Content
Housing Properties - Buildings & Contents
LEA Education Properties - Buildings & Contents
Business Interruption:-
Increase in Cost of Working
Rent Receivable
Specified All Risks
Works in Progress
Lot #2Commercial propertyAwardedRenewalPublished value£320,000
This Section incorporates the following classes of business:
Industrial and Commercial Properties
a. Buildings
b. Loss of Rent
Lot #3CasualtyAwardedRenewalPublished value£3,040,000
This Lot incorporates the following classes of business:
Employers Liability
Public and Products Liability
Officials Indemnity
Land Charges
Libel and Slander
Professional Indemnity
Hirers Liability
Lot #4Motor FleetAwardedRenewalPublished value£640,000
This Section incorporates the following classes of business:
Motor Fleet
School Minibuses
Occasional Business Use
Uninsured Loss Recovery Service (ULR)
Lot #5EngineeringAwardedRenewalPublished value£224,000
This Section incorporates the following classes of business:
Engineering Insurance
Engineering Inspection
Lot #6Fidelity Guarantee / CrimeAwardedRenewalPublished value£140,000
Employee Fraud
Indemnity in respect of loss of money, securities and other property resulting directly from one of more fraudulent or dishonest acts committed by an employee, provided that such fraudulent or dishonest acts are committed
Territorial Limits
British Isles but including losses resulting from overseas visits
Policy Interest
Policies are to be prepared in the name of Reading Borough Council
Subsidiary to be included
Brighter Futures for Reading Ltd – In run-off as of 1st April 2026
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 28 Oct 2025, 13:10 GMT
- Last source update
- 20 Feb 2026, 14:41 GMT
- Award evaluation window
- Submission end – 20 Jan 2026
- Authority reference
URN 25-S-051 RBC 00002404- FTS notice number
2025/S 000-068956- Latest notice
- Contract award notice (UK6)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-05d53dFind a Tender
How it was run
Official notice- Submission deadline
- 10 Dec 2025, 14:00 GMT
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
28 Oct 2025 → 1 Apr 2026 · 7 dates- Tender notice published363 days ago28 Oct 2025, 13:10 GMT
- Submission deadline320 days ago10 Dec 2025, 14:00 GMT
- Award decision expected by279 days ago20 Jan 2026, 23:59 GMT
- Assessment summaries sent249 days ago20 Feb 2026
- Latest notice published248 days ago20 Feb 2026, 14:41 GMT
- Standstill ends237 days ago3 Mar 2026, 23:59 GMT
- Contract starts209 days ago1 Apr 2026, 00:00 BST
Notice history
5 events · 3 releases on Find a Tender · since 28 Oct 2025- Tender notice published28 Oct 2025, 13:10 GMTUK4
- Tender notice published28 Oct 2025, 15:54 GMTUK4
- Contract award notice published20 Feb 2026, 14:41 GMTUK6
- Status changed to complete20 Feb 2026, 14:41 GMT
- Contract signature expected20 Mar 2026, 23:59 GMTscheduled
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 2 · Commercial property1 award | |||
| ZURICH INSURANCE COMPANY LTDLot 2 - Industrial & Commercial Property1 Apr 2026 – 31 Mar 2029 · up to 31 Mar 2033Extensions: The contract will be awarded for an initial three year term, with further optional period of two x 2 years added into the contract. This will be contingent upon the supplier meeting agreed Key Performance Indicators, and subject to premium negotiations, underwriting acceptance and approval by the authority. · Options: The contract will be awarded for an initial three year term, with further optional period of two x 2 years added into the contract. This will be contingent upon the supplier meeting agreed Key Performance Indicators, and subject to premium negotiations, underwriting acceptance and approval by the authority. | £730,000 inc. VAT | 13 Feb 2026 | Awarded |
| Across several lots2 awards | |||
| ZURICH INSURANCE COMPANY LTDLot 7 - super lot that incorporates Lots 1, 3 and 41 Apr 2026 – 31 Mar 2029 · up to 31 Mar 2033Extensions: The contract has an initial term of three years, with the inclusion of options to extend up to two x 2 year extensions, and will be contingent upon the supplier meeting agreed Performance Indicators, service levels, and subject to premium negotiations, underwriting acceptance and approval by the authority. · Options: The contract has an initial term of three years, with the inclusion of options to extend up to two x 2 year extensions, and will be contingent upon the supplier meeting agreed Performance Indicators, service levels, and subject to premium negotiations, underwriting acceptance and approval by the authority. | £5,500,000 inc. VAT | 13 Feb 2026standstill to 3 Mar 2026 | Standstill |
| Risk Management Partners LtdLot 5 & Lot 61 Apr 2026 – 31 Mar 2029 · up to 31 Mar 2033Extensions: The contract will be awarded for an initial three year term, with further optional period of two x 2 years added into the contract. This will be contingent upon the supplier meeting agreed Key Performance Indicators, and subject to premium negotiations, underwriting acceptance and approval by the authority. · Options: The contract will be awarded for an initial three year term, with further optional period of two x 2 years added into the contract. This will be contingent upon the supplier meeting agreed Key Performance Indicators, and subject to premium negotiations, underwriting acceptance and approval by the authority. | £450,000 inc. VAT | 13 Feb 2026 | Awarded |
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Property | 5final-stage tenders | 1 | 0 | — |
| 2 · Commercial property | 4final-stage tenders | 1 | 0 | — |
| 3 · Casualty | 3final-stage tenders | 1 | 0 | — |
| 4 · Motor Fleet | 4final-stage tenders | 1 | 0 | — |
| 5 · Engineering | 3final-stage tenders | 2 | 0 | — |
| 6 · Fidelity Guarantee / Crime | 3final-stage tenders | 1 | 0 | — |
Who bid
- wonZURICH INSURANCE COMPANY LTD · South East England · 1, 3, 4
- did not winAXA INSURANCE UK PLC · Greater London · 1
- did not winPROTECTOR INSURANCE · North West England · 1
- wonRISK MANAGEMENT PARTNERS LTD. · Greater London · 1, 3, 4
- did not winTRAVELERS INSURANCE COMPANY LIMITED · Greater London · 1, 4
- did not winAON UK LIMITED · Greater London · 3, 4
Bidders as named on the Procurement Act 2023 award notice. “Won” means the bidder holds an award on this notice.
Contracting authority & participating public bodies
Bidders & participating suppliers
6 commercial parties on the notice · 2 awarded- AON UK LIMITEDBidder / tenderer
- AXA INSURANCE UK PLCBidder / tenderer
- PROTECTOR INSURANCEBidder / tenderer
- RISK MANAGEMENT PARTNERS LTD.Awarded supplier
- TRAVELERS INSURANCE COMPANY LIMITEDBidder / tenderer
- ZURICH INSURANCE COMPANY LTDAwarded supplier
Official documents & specifications (6)
Official links; attachments are not copiedTender pack and attachments
Notices published for this procedure
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender