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Insurance Services (Professional Indemnity)

Insurance services
London (UKI)
South East (UKJ)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: LONDON UNIVERSITIES PURCHASING CONSORTIUM: "Insurance Services (Professional Indemnity)". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityLONDON UNIVERSITIES PURCHASING CONSORTIUMScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: LONDON UNIVERSITIES PURCHASING CONSORTIUM
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for LONDON UNIVERSITIES PURCHASING CONSORTIUM. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
Not availableNo published reports
Bid counts are not published for this buyer
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 1 active published awards; 0 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityLONDON UNIVERSITIES PURCHASING CONSORTIUM
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published19 Aug 2021, 12:37 BST
Last source update19 Aug 2021, 12:37 BST
Recurring procurementNot published
ClassificationInsurance services
Delivery area
London (UKI)
South East (UKJ)
OCIDocds-h6vhtk-02d6cc
What is being bought
London Universities Purchasing Consortium (LUPC) is placing this notice on behalf of ten members of the LUPC Insurance Group, which intend entering into a contract for the procurement of professional indemnity insurance cover commencing 1 August 2021 on a 12-month basis.
What changed
From the official release history
  1. Status changed to complete
    19 Aug 2021, 12:37 BST
  2. Official notice release published
    19 Aug 2021, 12:37 BST
  3. Buyer information updated
    19 Aug 2021, 12:37 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    Status not published
    Published valueNot published
    Professional indemnity insurance as outlined above.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    19 Aug 2021, 12:37 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 1 Aug 2021, 00:00 BST · £1,673,118
Commercial outcome and competition
Awards
Berkshire Hathaway Specialty Insurance, Markel International Insurance Company, Tokio Marine HCC
Not published · Not published · active
Contracts
Contract
£1,673,118 · signed 1 Aug 2021, 00:00 BST · active
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

LONDON UNIVERSITIES PURCHASING CONSORTIUM

Contracting authority GB-FTS-26042
View buyer profile

  • LONDON UNIVERSITIES PURCHASING CONSORTIUM
    buyer

    Shropshire House,179 Tottenham Court Road, LONDON, UK, W1T7NZ
    m.kilner@lupc.ac.uk
    +44 2073072768

  • Berkshire Hathaway Specialty Insurance
    supplier

    Boston, US

  • London Universities Purchasing Consortium
    reviewBody

    London

  • Markel International Insurance Company
    supplier

    London, UKI

  • Tokio Marine HCC
    supplier

    London, UKI
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleA full OJEU tender placed via in 2020 for up to 5 years resulted in a single, subsequently awarded bid on behalf of the LUPC Insurance Group (IG). Immediately prior to the 1 August 2021 renewal, the provider notified that terms would not be re-offered to several IG members. All known and capable professional indemnity insurers in the market were approached by the IG's appointed broker Gallagher, through whom it was confirmed in writing that they would again not be responding to a formal tender process. Gallagher therefore sought and acquired a Line Slip multi-insurer solution through their Specialty and Wholesale Division team in the knowledge that no acceptable bids would be received via a tender process.