Professional Indemnity Insurance Renewal 2025-2026

Official notice

Authority: Financial Ombudsman Service Limited (Public body)

Below threshold - unknown

Sectors: Financial and insurance services (66) Delivery: Delivery location not published

Awarded value£108,520published contract · inc. VAT

Awarded 22 May 2025

Awarded to Marsh Ltd

What is being bought

Published requirement description

Professional Indemnity Insurance policy with a potential 2-year contract (1 year initial term + 1 year optional extension) following a Direct Award option through the Crown Commercial Services Framework (CCS) RM6323 - Insurance and Related Services 4, Lot 1.

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

66510000 Insurance services

Procedure terms & legal framework

From the official record

Procedure method: Below threshold - unknown
Legal basis: UKPGA · 2023/54 Procurement Act 2023
Notice status: Awarded
Procurement threshold: Unspecified in notice
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: 11 Jun 2025, 13:54 BST
Last source update: 11 Jun 2025, 13:54 BST
Authority reference: ctt_3049
FTS notice number: 2025/S 000-031539
Latest notice: Contract details notice (UK7)
Delivery area: Not published
Official registry OCID: ocds-h6vhtk-0546b3 Find a Tender

Notice history

1 event · 1 release on Find a Tender

Contract details notice published
11 Jun 2025, 13:54 BST
UK7

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value (inc. VAT) £108,5201 contract inc. VAT; no net value published

Contracts signed 1latest 22 May 2025

Awarded to	Value	Date	Status
Marsh Ltd	£108,520 inc. VAT †	—	Awarded

Contracts

Professional Indemnity Insurance Renewal · Marsh Ltd
Signed
22 May 2025
Value
£108,520 inc. VAT
Period
25 May 2025 – 24 May 2026 · up to 25 May 2026 with extensions
Status
active
Extensions
12 months extension option available after expiry of 12 month initial term

Contracting authority & participating public bodies

FINANCIAL OMBUDSMAN SERVICE LIMITED

Contracting authorityPublic authority - sub-central government GB-COH: 03725015 · GB-PPON: PGMH-6717-YZGY Exchange Tower, London, London, E14 9SRContact email

Bidders & participating suppliers

1 commercial party on the notice

MARSH LIMITEDAwarded supplierGB-COH: 01507274GB-PPON: PGGV-7645-JTDL 1 Tower Place West, London, London, EC3R 5BUContact email

Official documents & specifications (1)

Official links; attachments are not copied

Notices published for this procedure

Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender11 Jun 2025, 13:54 BST