- Scope of the procurement
- Lot 1. Provision of Property Reinsurance Aggregate Excess of Loss Sub-layer
- Lot 2. Property Reinsurance Aggregate Excess Layer 1
- Lot 3. Property Reinsurance Aggregate Excess Layer 2
- Lot 4. Provision of Property Reinsurance Quota Share
- Lot 5. Provision of Property - Risk Excess of loss layer
Section one: Contracting authority
one.1) Name and addresses
Flood Re Limited
75 King William Street
London
EC4N 7BE
servicedesk@floodre-operations.co.uk
Telephone
+44 2037862261
Country
United Kingdom
NUTS code
UKI - London
Internet address(es)
Main address
Buyer's address
https://www.mytenders.co.uk/search/Search_AuthProfile.aspx?ID=AA34549
one.3) Communication
Access to the procurement documents is restricted. Further information can be obtained at
https://2022.floodreprocurement.co.uk/
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Regional or local Agency/Office
one.5) Main activity
Other activity
Provision of Reinsurance
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Flood Re Outwards Reinsurance Programme Bid Process
two.1.2) Main CPV code
- 66700000 - Reinsurance services
two.1.3) Type of contract
Services
two.1.4) Short description
Provision of Lead Capacity for Reinsurance Programmes
two.1.6) Information about lots
This contract is divided into lots: Yes
Tenders may be submitted for all lots
two.2) Description
two.2.1) Title
Provision of Property Reinsurance Aggregate Excess of Loss Sub-layer
Lot No
1
two.2.2) Additional CPV code(s)
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Provision of Property Reinsurance Excess of loss for a Sub-layer as more fully described in the ITT
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 April 2022
End date
31 March 2025
This contract is subject to renewal
Yes
Description of renewals
The Minimum Policy period required is 3 years
two.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 3
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2) Description
two.2.1) Title
Property Reinsurance Aggregate Excess Layer 1
Lot No
2
two.2.2) Additional CPV code(s)
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Provision of Property Reinsurance Aggregate Excess of Loss for layer 1 as more fully described in the ITT
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 April 2022
End date
31 March 2025
This contract is subject to renewal
Yes
Description of renewals
The Minimum Policy period required is 3 years
two.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 3
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2) Description
two.2.1) Title
Property Reinsurance Aggregate Excess Layer 2
Lot No
3
two.2.2) Additional CPV code(s)
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Provision of Property Reinsurance Aggregate Excess of Loss for layer 2 as more fully described in the ITT
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 April 2022
End date
31 March 2025
This contract is subject to renewal
Yes
Description of renewals
The Minimum Policy period required is 3 years
two.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 3
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2) Description
two.2.1) Title
Provision of Property Reinsurance Quota Share
Lot No
4
two.2.2) Additional CPV code(s)
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Provision of Property Reinsurance Quota Share as more fully described in the ITT
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 April 2022
End date
31 March 2025
This contract is subject to renewal
Yes
Description of renewals
The Minimum Policy period required is 3 years.
two.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 3
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2) Description
two.2.1) Title
Provision of Property - Risk Excess of loss layer
Lot No
5
two.2.2) Additional CPV code(s)
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Provision of Property Reinsurance Risk Excess of Loss programme as more fully described in the ITT
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 April 2022
End date
31 March 2025
This contract is subject to renewal
Yes
Description of renewals
The Minimum Policy period required is 3 years
two.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 3
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions
Please refer to the Standard Selection Questionnaire
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Competitive procedure with negotiation
four.1.4) Information about reduction of the number of solutions or tenders during negotiation or dialogue
Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
1 July 2021
Local time
12:00pm
four.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates
19 July 2021
four.2.4) Languages in which tenders or requests to participate may be submitted
English
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: Yes
Estimated timing for further notices to be published: 3 years
six.3) Additional information
1. The Contracting Authority reserves the right to not hold a negotiation phase should it wish to accept an initial
bid.
2. The Contracting Authority reserves the rights to deselect bidders who do not meet the requirement of the
Standard Selection Questionnaire
3. The Contracting Authority reserves the right to cancel the Bid Process if circumstances dictate that this is an
appropriate action.
4. All ITT and information pertaining to the tender will be provided on successful completion of the SSQ phase.
(MT Ref:222979)
six.4) Procedures for review
six.4.1) Review body
Public Procurement Review Service
Cabinet Office
London
publicprocurementreview@cabinetoffice.gov.uk
Telephone
+44 3450103503
Country
United Kingdom
Internet address
https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit