Scope
Description
Flood Re is seeking to appoint a reputable asset manager for its £1bn of assets. We are looking for a partnership relationship with an asset management institution with strong brand and insurance asset management capabilities to assist us in managing our investments in line with our investment risk appetite.
Total value (estimated)
- £4,550,000 excluding VAT
- £5,460,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 1 April 2026 to 1 April 2036
- Possible extension to 1 April 2039
- 13 years, 1 day
Description of possible extension:
10 years minimum contract with the option to extend for an additional 36 months subject to approval.
Main procurement category
Services
CPV classifications
- 66700000 - Reinsurance services
Contract locations
- UK - United Kingdom
Participation
Particular suitability
Small and medium-sized enterprises (SME)
Submission
Tender submission deadline
22 December 2025, 12:00pm
Electronic auction will be used
Yes
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
18 March 2026
Award criteria
| Name | Type | Weighting |
|---|---|---|
| Capability | Quality | 50% |
| Culture | Quality | 20% |
| Price | Price | 20% |
| Support | Quality | 10% |
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Contracting authority
FLOOD RE LIMITED
- Companies House: 08670444
- Public Procurement Organisation Number: PHQQ-4765-PRCH
75 King William Street
London
EC4N 7BE
United Kingdom
Email: information@floodre.co.uk
Region: UKI31 - Camden and City of London
Organisation type: Public authority - central government