Section one: Contracting authority
one.1) Name and addresses
Network Rail Insurance Limited
Maison Trinity, Trinity Square, St Peter Port, Guernsey GY14AT
Guernsey
GY14AT
Contact
Michelle.Buckle@networkrail.co.uk
Michelle.Buckle@networkrail.co.uk
Telephone
+44 1908781000
Country
United Kingdom
NUTS code
UKZ - EXTRA-REGIO NUTS 1
Internet address(es)
Main address
https://networkrail.bravosolution.co.uk
one.3) Communication
Additional information can be obtained from the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Captive Insurance Management Services
two.1.2) Main CPV code
- 66518000 - Insurance brokerage and agency services
two.1.3) Type of contract
Services
two.1.4) Short description
The Captive is Network Rail Insurance Limited .
A summary of the Captive Insurance Management Services is as follows:
Finance
Underwriting
Claims
Governance
Administration
Compliance
Financial Crime
Data Protection
Company Secretarial
two.1.5) Estimated total value
Value excluding VAT: £1,800,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66518000 - Insurance brokerage and agency services
two.2.3) Place of performance
NUTS codes
- UKZZZ - Extra-Regio NUTS 3
two.2.4) Description of the procurement
Captive Insurance Management Services.
A summary of the Captive Insurance Management Services is as follows:
Finance
Underwriting
Claims
Governance
Administration
Compliance
Financial Crime
Data Protection
Company Secretarial
This Captive is governed by the Guernsey Financial Services Corporation and the contract will be in accordance with the Insurance Business (Bailiwick of Guernsey) Law, 2002 and all regulations, codes and rules.
two.2.14) Additional information
Total contract value is estimated at £1.8m. This is calculated as follows;
Estimated spend is £360,000.00 per annum.
Spend for the three-year contract period is £1,080,000
When including +1+1 options to extend, the contract value is estimated as £1.8m
two.3) Estimated date of publication of contract notice
15 September 2021
Section four. Procedure
four.1) Description
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No