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Official procurement procedure

T1115 - UMAL Insurance Broker

Financial and insurance services
Insurance brokerage and agency services
Insurance brokerage services
+1 more
London (UKI)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: U.M. Association Limited: "T1115 - UMAL Insurance Broker". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityU.M. Association LimitedScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: U.M. Association Limited
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for U.M. Association Limited. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
2Bids / Report
0% of reports have one bid
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; 1 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. Price reduction 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 Unpublished data stays unknown.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 AuthorityU.M. Association Limited
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
Published5 Jun 2025, 12:24 BST
Last source update5 Jun 2025, 12:24 BST
Recurring procurementNot published
ClassificationFinancial and insurance services, Insurance brokerage and agency services, Insurance brokerage services, Insurance services
Delivery area
London (UKI)
OCIDocds-h6vhtk-04c7e0
What is being bought
UMAL needs to secure the services of a UK-based insurance broker with experience, expertise and capacity to act as an intermediary between UMAL and the insurance market (i.e. insurers, reinsurers, and other risk financing institutions). The broker will be required to assist with insurance needs of UMAL which include: a. Placing Insurance risks with insurers (both local and international) b. Ensuring adequate insurance for all UMAL exposures c. Providing wholesale insurance broking services for HMSL on behalf of its Members d. Covering the entity risks of UMAL, which includes i. Office Insurance and related covers ii. Professional Indemnity iii. Directors and Officers for UMAL Directors and officers iv. Crime v. Cyber Please also note, although the estimated total value is £125M across a potential 5 year contract we would like to make the following clear The overall value includes both premium and broker fees and could be in the range of £60 - £125m across 5 years Furthermore, to give an idea of just broker fees, this could end up being around £5m to £15m across 5 years Please note all figures are purely estimates.
What changed
From the official release history
  1. tender value changed
    5 Jun 2025, 12:24 BST
  2. Status changed to complete
    5 Jun 2025, 12:24 BST
  3. Official notice release published
    5 Jun 2025, 12:24 BST
  4. Submission deadline changed to published date
    5 Jun 2025, 12:24 BST
  5. Published value updated to £125,000,000
    13 Dec 2024, 12:49 GMT
  6. Status changed to active
    13 Dec 2024, 12:49 GMT
  7. Official notice release published
    13 Dec 2024, 12:49 GMT
  8. Submission deadline changed to 20 Jan 2025, 12:00 GMT
    13 Dec 2024, 12:49 GMT
  9. Buyer information updated
    13 Dec 2024, 12:49 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    UMAL needs to secure the services of a UK-based insurance broker with experience, expertise and capacity to act as an intermediary between UMAL and the insurance market (i.e. insurers, reinsurers, and other risk financing institutions). The broker will be required to assist with insurance needs of UMAL which include: a. Placing Insurance risks with insurers (both local and international) b. Ensuring adequate insurance for all UMAL exposures c. Providing wholesale insurance broking services for HMSL on behalf of its Members d. Covering the entity risks of UMAL, which includes i. Office Insurance and related covers ii. Professional Indemnity iii. Directors and Officers for UMAL Directors and officers iv. Crime v. Cyber Please also note, although the estimated total value is £125M across a potential 5 year contract we would like to make the following clear The overall value includes both premium and broker fees and could be in the range of £60 - £125m across 5 years Furthermore, to give an idea of just broker fees, this could end up being around £5m to £15m across 5 years Please note all figures are purely estimates.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    5 Jun 2025, 12:24 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 4 Jun 2025, 00:00 BST · Not published
Commercial outcome and competition
Awards
Lockton Companies LLP
Not published · Not published · active
Contracts
Contract
Not published · signed 4 Jun 2025, 00:00 BST · active
Bid statistics
bids: 2 (lot 1)
highestValidBidValue: 125000000 (lot 1)
lowestValidBidValue: 60000000 (lot 1)
Buyer and organisations in this procedure

U.M. Association Limited

Contracting authority GB-FTS-132723
View buyer profile

  • U.M. Association Limited
    buyer

    Level 4, 5 St Helen’s Place, London, UKI, EC3A 6AB
    enquiries@umal.co.uk

  • Lockton Companies LLP
    supplier

    St Botolph Building, 138 Houndsditch, London, UKI, EC3A 7AG

  • Royal Courts of Justice
    reviewBody

    The Strand, London, WC2A 2LL
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published