Scope
Description
Network Rail seeks to appoint a broker to design, place, and service a comprehensive insurance and risk programme spanning the Network Rail group, which in turn evolves in to the relevant DfT Operator / Great British Railways entities, ensuring continuity through transition and value over the long term.
The provision of services will begin from 1st January 2027 with services initially for Network Rail Limited and its subsidiaries. During 2027 and the further UK Rail reform this will see broker services expand to include DfT Operator Limited as it merges with Network Rail for the formation of Great British Railways. Following the formation of Great British Railways, the Insurance Broking Services will be for the Great British Railways entity. The formation of Great British Railways is anticipated to be Q3 2027. More information of Rail Industry Reform is summarised later in this document.
The key objectives includes:
Secure sustainable, value-for-money insurance and risk transfer aligned to the evolving GBR operating model.
Maintain uninterrupted coverage through organisational and asset transfers, including any change in insured names, interests, and contractual interfaces.
Provide proactive risk advisory, claims excellence, and credible market advocacy that reflects the complexity of UK rail infrastructure, operations, and regulation.
As part of planned reforms to the rail industry, including the establishment of Great British Railways (GBR), it is possible that stations and other associated assets currently operated by train operators contracted by the Secretary of State for Transport may also come within the scope of such contract although the timing and volume of such opportunities is not yet known. The pre-market engagement will include exploring suitable mechanisms for modification of the contract in the future and incorporation of such services during the life of the contract.
In addition, the contract and procurement process will provide for potential transfer of either the procurement process or the resulting contract itself in the event that this is required due to the establishment of GBR, rail reform or other corporate restructuring.
Total value (estimated)
- £1,500,000 excluding VAT
- £1,800,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 1 January 2027 to 1 January 2030
- Possible extension to 1 January 2032
- 5 years, 1 day
Main procurement category
Services
CPV classifications
- 66510000 - Insurance services
- 66518100 - Insurance brokerage services
Contract locations
- UK - United Kingdom
Engagement
Engagement deadline
9 March 2026
Engagement process description
Network Rail is conducting preliminary market engagement (PME) to assess the market's capability and appetite to deliver Insurance Brokerage services that are specific to the UK railway industry.
This is not a call for competition, but a request for information to inform a potential future procurement exercise in accordance with the Procurement Act 2023 (PA23).
We invite suppliers to respond to the following questions to help us understand market capacity, capability, and any barriers to participation.
All questions can be found on Network Rails Esourcing Platform, BravoNR. A link to the opportunity listing can be found below: Please respond to the PME questionnaire using the following link - https://networkrail.bravosolution.co.uk/
PME Questionnaire should be sent to: jack.spence2@networkrail.co.uk
Participation
Particular suitability
- Small and medium-sized enterprises (SME)
- Voluntary, community and social enterprises (VCSE)
Procedure
Special regime
Utilities
Contracting authority
NETWORK RAIL INFRASTRUCTURE LIMITED
- Public Procurement Organisation Number: PNZN-9524-VCQJ
Waterloo General Office
London
SE1 8SW
United Kingdom
Contact name: Jack Spence
Email: jack.spence2@networkrail.co.uk
Website: https://www.networkrail.co.uk/
Region: UKI45 - Lambeth
Organisation type: Public authority - central government