Scope
Description
CPI are looking to appoint an Insurance Broker to act as an intermediary between CPI and our insurers, for CPI business insurance and employee benefits.
Lot 1. Business Insurance
Description
CPI will inform the Broker and keep updated the identification and evaluation of insurance of CPI's risk exposures. Once completed the outcomes of this task must be reported to CPI's Director of Legal. It is expected that the risk exposures are done every month, or when there is a known change.
The Broker is asked to note the current insurances which are currently held by CPI; however, this list is note exhaustive, and CPI may need to seek appropriate cover in other areas:
Material Damage, Business Interruption, and Money
Terrorism
Employers Liability
Public and Products, Errors and Omissions, and Clinical Trials
Management Liability
Personal Accident & Travel Facility
Hired In Plant
Inspection SUD & OSP
The Broker will be responsible for researching the market, conducting procurement exercises on behalf of CPI, comparing and evaluating policies and producing various reports to capture the key information to present to CPI. All stages which are stated in this clause must be done in conjunction with CPI's legal and procurement departments.
The Broker must notify CPI of its pre-contractual duties of disclosure to Insurers including the duty to disclose all information that would be considered material in the context of such duty. The Broker must make sure that this is done in a timely manner, to allow CPI the best possible opportunity to complete this task.
The Broker will be obligated to disclose to Insurers all information and any material fact, made available to the Broker, by CPI, if any requests for additional information as requested by the Insurer.
The Broker will be responsible for evaluating the responses to any procurement exercises and presenting all the outcomes of the procurement exercise to CPI explaining the outcomes of the process and the results. individual quotes and putting forward an independent recommendation to CPI regarding the best policies to cover CPI's risk.
As part of the evaluation process the Broker must work with CPI to identify realistic methods for minimising costs, and support in the identification of the correct insurance requirements based on the information gathered during the process.
The Broker is asked to note that CPI falls within the Procurement Act 2023, which outlines procurement legislation which any Contract Authority needs to adhere to. Although the broker will not come under this legislation, CPI expects he broker to adhere to the principles of the legislation by:
Delivering Value for Money
Maximising Public Benefit
Sharing information for the purpose of allowing suppliers and other to understand CPI's policies and decisions
Acting and been seen to act with Integrity.
The Broker must also keep details on the process followed including market engagement, bids received, evaluation and recommendations. All steps of the process must stand up to scrunty and auditors.
CPI may at various times ask to audit the brokers procurement exercised in relation to CPI. These audits will be notified and a period 2 working days will be provided before any audit.
The Broker will be expected to place the insurance cover with the selected Insurer/s on behalf of CPI. The Broker is also required to provide written confirmation of insurance cover to CPI.
Lot 2. Staff Benefits
Description
The Broker must assist in the identification and evaluation of policies which relate to staff benefits CPI provide or would like to provide to their staff. Once completed the outcomes of this task must be reported to CPI's Chief People Officer. It is expected that the risk exposures are done every month, or when there is a known change.
The Broker is asked to note the current insurances which are currently held by CPI; however, this list is not exhaustive, and CPI may need to seek appropriate cover in other areas:
Life assurance - Death in service benefit
Group Income Protection
Private Medical Insurance
Health Cash plan
Pension
The Broker will be responsible for researching the market, conducting procurement exercises on behalf of CPI, comparing and evaluating policies and producing various reports to capture the key information to present to CPI. All stages which are stated in this clause must be done in conjunction with CPI's legal and procurement departments.
The Broker must notify CPI of its pre-contractual duties of disclosure to Insurers including the duty to disclose all information that would be considered material in the context of such duty. The Broker must make sure that this is done in a timely manner, to allow CPI the best possible opportunity to complete this task.
The Broker will be obligated to disclose to Insurers all information and any material fact, made available to the Broker, by CPI, if any requests for additional information as requested by the Insurer.
The Broker will be responsible for evaluating the responses to any procurement exercises and presenting all the outcomes of the procurement exercise to CPI explaining the outcomes of the process and the results. individual quotes and putting forward an independent recommendation to CPI regarding the best policies to cover CPI's risk.
As part of the evaluation process the Broker must work with CPI to identify realistic methods for minimising costs, and support in the identification of the correct insurance requirements based on the information gathered during the process.
The Broker is asked to note that CPI falls within the Procurement Act 2023, which outlines procurement legislation which any Contract Authority needs to adhere to. Although the broker will not come under this legislation, CPI expects he broker to adhere to the principles of the legislation by:
Delivering Value for Money
Maximising Public Benefit
Sharing information for the purpose of allowing suppliers and other to understand CPI's policies and decisions
Acting and been seen to act with Integrity.
The Broker must also keep details on the process followed including market engagement, bids received, evaluation and recommendations. All steps of the process must stand up to scrunty and auditors.
CPI may at various times ask to audit the brokers procurement exercised in relation to CPI. These audits will be notified and a period 2 working days will be provided before any audit.
The Broker will be expected to place the insurance cover with the selected Insurer/s on behalf of CPI. The Broker is also required to provide written confirmation of insurance cover to CPI.
Contract 1
Lots
Lot 1. Business Insurance
Lot 2. Staff Benefits
Supplier
Contract value
- £12,000,000 excluding VAT
- £14,400,000 including VAT
Above the relevant threshold
Award decision date
5 February 2026
Date assessment summaries were sent to tenderers
5 February 2026
Standstill period
- End: 17 February 2026
- 8 working days
Earliest date the contract will be signed
19 February 2026
Contract dates (estimated)
- 22 April 2026 to 21 April 2029
- Possible extension to 21 April 2030
- 4 years
Description of possible extension:
12 months period extension options at the discretion of the authority
Main procurement category
Services
CPV classifications
- 66518000 - Insurance brokerage and agency services
- 66510000 - Insurance services
Information about tenders
Lot 1. Business Insurance
- 1 tender received
- 1 tender assessed in the final stage:
- 0 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 0 suppliers unsuccessful (details included for contracts over £5 million)
Lot 2. Staff Benefits
- 1 tender received
- 1 tender assessed in the final stage:
- 0 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 0 suppliers unsuccessful (details included for contracts over £5 million)
Procedure
Procedure type
Open procedure
Supplier
Marsh Limited
- Companies House: 01507274
1 Tower Place West
London
EC3R 5BU
United Kingdom
Email: Christine.proctor@marsh.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1
Contracting authority
CENTRE FOR PROCESS INNOVATION LIMITED
- Companies House: 05002194
Wilton Centre
Redcar
TS10 4RF
United Kingdom
Email: e-tendering@uk-cpi.com
Website: http://uk-cpi.com
Region: UKC12 - South Teesside
Organisation type: Public undertaking (commercial organisation subject to public authority oversight)