Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
Flood Re Ltd
75 King William Street
London
EC4N 7BE
UK
E-mail: servicedesk@floodre-operations.co.uk
NUTS: UKI
Internet address(es)
Main address: http://www.floodre.co.uk/
I.4) Type of the contracting authority
Regional or local agency/office
I.5) Main activity
Other: Provision of Reinsurance
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Provision of Follow Line Capacity for Reinsurance Programme
II.1.2) Main CPV code
66700000
II.1.3) Type of contract
Services
II.1.4) Short description
Provision of follow line capacity for reinsurance programmes.
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
4 000 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Provision of Property Reinsurance Aggregate Excess of Loss for Sub-layer
II.2.2) Additional CPV code(s)
66700000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM.
II.2.4) Description of the procurement
Provision of property reinsurance aggregate excess of loss for a sub-layer.
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 2
II.2.1) Title
Property Reinsurance Aggregate Excess of Loss Layer 1
II.2.2) Additional CPV code(s)
66700000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM.
II.2.4) Description of the procurement
Provision of property reinsurance aggregate excess of loss for layer 1.
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 3
II.2.1) Title
Property Reinsurance Aggregate Excess of Loss Layer 2
II.2.2) Additional CPV code(s)
66700000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM.
II.2.4) Description of the procurement
Provision of property reinsurance aggregate excess of loss for layer 2.
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 4
II.2.1) Title
Provision of Property Reinsurance Quota Share
II.2.2) Additional CPV code(s)
66700000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
UNITED KINGDOM.
II.2.4) Description of the procurement
Provision of property reinsurance quota share.
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Competitive procedure with negotiation
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2018/S 145-332093
Section V: Award of contract
Lot No: 1
Title: Provision of Property Reinsurance Aggregate Excess of Loss Sub-Layer
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/04/2019
V.2.2) Information about tenders
Number of tenders received: 13
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
R+V Verischerung AG
Weisbaden
DE
NUTS: DE30
The contractor is an SME:
No
V.2.3) Name and address of the contractor
The Toa Reinsurance Company Ltd
6, Kanda-Surugadai 3-chome, Chiyoda-ku, Tokyo 101-8703, Japan
JP
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Sirius Syndicate 1945
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Sirius International Insurance Corporation (publ)
Birger Jarlsgatan 57B, SE — 113 96 Stockholm, Sweden
SE
NUTS: SE11
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Navigators Syndicate 1221
6 Bevis Marks, Floors 7-8, London, England, EC3A 7BA
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Triglav Re Reinsurance Company Ltd
Miklošičeva 19, Ljubljana, Slovenia
SI
NUTS: SI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Endurance Specialty Insurance Ltd, Zurich Branch
Pelikanplatz CH-8001, Zurich
CH
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Axis Specialty Ltd
92 Pitts Bay Road, Pembroke, HM 08 Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Central Reinsurance Corporation
12 F, No 53, Sec 2, Nanjing E. Rd, Zhongshan Dist, Taipei City 104, Taiwan
TW
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Antares 1274
21 Lime Street, London EC3M 7HB
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 4 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: 2
Title: Property Reinsurance Aggregate Excess of Loss Layer 1
A contract/lot is awarded:
No
V.1 Information on non-award
The contract/lot is not awarded
No tenders or requests to participate were received or all were rejected
Section V: Award of contract
Lot No: 3
Contract No: 3
Title: Property Reinsurance Aggregate Excess of Loss Layer 2
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/04/2019
V.2.2) Information about tenders
Number of tenders received: 15
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Korean Reinsurance Company
68 Jongno 5 Gil, Jongno-Gu, Seoul,03151, Korea
KP
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
HCC International Insurance Company plc
1 Aldgate, London, EC3N 1RE
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
R+V Verischerung AG
Abraham- Lincoln- park 1,65189 Weisbaden, Germany
DE
NUTS: DE
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Chaucer Syndicate 1074
30 Fenchurch Street, London EC3M 3AD
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Sirius Syndicate 1945
Floor 4,20 Fenchurch Street, London, EC3M 3BU, UK
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
The Toa Reinsurance Company Limited
6, Kanda-Surugadai 3-chome, Chiyoda-ku, Tokyo 101-8703, JAPAN
JP
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Sirius International Insurance Corporation (publ)
Birger Jarlsgatan 57B, SE - 113 96 Stockholm, Sweden
SE
NUTS: SE11
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Navigators Syndicate 1221
6 Bevis Marks, Floors 7-8, London, England, EC3A 7BA
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Triglav Re Reinsurance Company Ltd
Miklošičeva 19, Ljubljana, Slovenia
SI
NUTS: SI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 4 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 4
Contract No: 4
Title: Provision of Property Reinsurance Quota Share
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/04/2019
V.2.2) Information about tenders
Number of tenders received: 3
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Korean Reinsurance Company
68 Jongno 5 Gil, Jongno-Gu, Seoul,03151, Korea
KP
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 4 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.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.
VI.4) Procedures for review
VI.4.1) Review body
Flood Re Ltd
75 King William Street
London
EC4N 7BE
UK
VI.5) Date of dispatch of this notice
31/10/2019