Section one: Contracting authority
one.1) Name and addresses
Flood Re Limited
75 King William Street
LONDON
EC4N 7BE
Country
United Kingdom
Region code
UKI - London
Companies House
08670444
Internet address(es)
Main address
one.2) Information about joint procurement
The contract is awarded by a central purchasing body
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://2025.floodreprocurement.co.uk
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://2025.floodreprocurement.co.uk
one.4) Type of the contracting authority
National or federal Agency/Office
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Provision of Insurance Services
two.1.2) Main CPV code
- 66700000 - Reinsurance services
two.1.3) Type of contract
Services
two.1.4) Short description
FloodRe requires the provision of reinsurance services including Aggregate XL, Quota Shares, and Risk XL Capacity.
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
Layer 1 Aggregate XL
Lot No
1
two.2.2) Additional CPV code(s)
- 66510000 - Insurance services
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Lot 1 - Layer 1 Aggregate XL
two.2.5) Award criteria
Quality criterion - Name: Social Value / Weighting: 5%
Quality criterion - Name: Contract / Weighting: 35%
Quality criterion - Name: Capacity / Weighting: 10%
Price - Weighting: 50%
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
Contract extension option: 24 months
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Layer 2 Aggregate XL
Lot No
2
two.2.2) Additional CPV code(s)
- 66510000 - Insurance services
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Lot 2 - Layer 2 Aggregate XL
two.2.5) Award criteria
Quality criterion - Name: Social Value / Weighting: 5%
Quality criterion - Name: Contract / Weighting: 35%
Quality criterion - Name: Capacity / Weighting: 10%
Quality criterion - Name: Additional Services / Weighting: 5%
Price - Weighting: 45%
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
Contract Extension Option: 24 months
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Layer 3 Aggregate XL
Lot No
3
two.2.2) Additional CPV code(s)
- 66510000 - Insurance services
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Lot 3 - Layer 3 Aggregate XL
two.2.5) Award criteria
Quality criterion - Name: Social Value / Weighting: 5%
Quality criterion - Name: Contract / Weighting: 35%
Quality criterion - Name: Capacity / Weighting: 10%
Quality criterion - Name: Additional Services / Weighting: 5%
Price - Weighting: 45%
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
Contract extension option: 24 months
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Layer 4 Aggregate XL
Lot No
4
two.2.2) Additional CPV code(s)
- 66510000 - Insurance services
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Lot 4 - Layer 4 Aggregate XL
two.2.5) Award criteria
Quality criterion - Name: Social Value / Weighting: 5%
Quality criterion - Name: Contract / Weighting: 35%
Quality criterion - Name: Capacity / Weighting: 10%
Quality criterion - Name: Additional Services / Weighting: 5%
Price - Weighting: 45%
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
Contract extension option: 24 months
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Lot 5 - Quota Share
Lot No
5
two.2.2) Additional CPV code(s)
- 66510000 - Insurance services
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Lot 5 - Quota Share
two.2.5) Award criteria
Quality criterion - Name: Social Value / Weighting: 5%
Quality criterion - Name: Contract / Weighting: 35%
Quality criterion - Name: Capacity / Weighting: 10%
Quality criterion - Name: Additional Services / Weighting: 5%
Price - Weighting: 45%
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
Contract extension option: 24 months
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Lot 6 - Risk XL
Lot No
6
two.2.2) Additional CPV code(s)
- 66510000 - Insurance services
- 66700000 - Reinsurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Lot 6 - Risk XL
two.2.5) Award criteria
Quality criterion - Name: Social Value / Weighting: 5%
Quality criterion - Name: Contract / Weighting: 35%
Quality criterion - Name: Capacity / Weighting: 10%
Price - Weighting: 50%
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
Contract extension options: 24 months
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Competitive procedure with negotiation
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
17 October 2024
Local time
11:59am
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
six.2) Information about electronic workflows
Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
six.4) Procedures for review
six.4.1) Review body
Public Procurement Review Services
Cabinet Office
London
publicprocurementreview@cabinetoffice.co.uk
Country
United Kingdom