Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
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
Flood Re Outwards Reinsurance Programme Bid Process 1: Lead Contracts
II.1.2) Main CPV code
66700000
II.1.3) Type of contract
Services
II.1.4) Short description
Provision of lead 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:
119 000 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Provision of Property Reinsurance Aggregate Excess of Loss 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
Quality criterion: Contract wording
/ Weighting: 40 %
Quality criterion: Capacity
/ Weighting: 10 %
Quality criterion: Additional services
/ Weighting: 5
Price
/ Weighting:
45 %
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
Property reinsurance aggregate excess of loss layer 1.
II.2.5) Award criteria
Quality criterion: Contract wording
/ Weighting: 40 %
Quality criterion: Capacity
/ Weighting: 10 %
Quality criterion: Additional services
/ Weighting: 5 %
Price
/ Weighting:
45 %
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
Quality criterion: Contract wording
/ Weighting: 40 %
Quality criterion: Capacity
/ Weighting: 10 %
Quality criterion: Additional services
/ Weighting: 5 %
Price
/ Weighting:
45 %
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
Quality criterion: Contract wording
/ Weighting: 40 %
Quality criterion: Capacity
/ Weighting: 10 %
Quality criterion: Additional services
/ Weighting: 5 %
Price
/ Weighting:
45 %
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: 5
II.2.1) Title
Provision of Property — Risk Excess of Loss Programme
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 risk excess of loss programme.
II.2.5) Award criteria
Quality criterion: Contract wording
/ Weighting: 40 %
Quality criterion: Capacity
/ Weighting: 10 %
Quality criterion: Additional services
/ Weighting: 5 %
Price
/ Weighting:
45 %
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 145-332086
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: 14
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Münchener Rückversicherungs-Gesellschaft
Königinstr. 107, 80802, Munich
DE
NUTS: DE
The contractor is an SME:
No
V.2.3) Name and address of the contractor
New Reinsurance Company Ltd
Zollikerstrasse 226,CH — 8008 Zurich
CH
NUTS: CH
The contractor is an SME:
No
V.2.3) Name and address of the contractor
SCOR Global P&C SE — UK Branch
10 Lime Street, London, EC3M 7AA
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Nephila Syndicate 2357
Victoria Place, 3rd Floor West, 31 Victoria Street Hamilton, HM10, Bermuda
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Partner Reinsurance Company Ltd
Bellerivestrasse 36, 8034, Zurich, Switzerland
CH
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Renaissance Reinsurance Ltd
Renaissance House, 12 Crow Lane, Pembroke HM 19, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Davinci Reinsurance Ltd
Renaissance House, 12 Crow Lane, Pembroke HM 19, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Renaissance Re Syndicate 1458
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Pozavarovalnica Sava d.d.
Dunajska cesta 56, 1000, Ljubljana, Slovenia
SI
NUTS: SI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Markel Bermuda Ltd
Markel House, 2 Front Street, Hamilton, HM 11, Bermuda
BM
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:
: 112 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: 2
Title: Property Reinsurance Aggregate Excess Layer 1
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: 18
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Swiss Re Europe S.A., UK Branch
30 St Mary Axe London
EC3A 8EP
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Münchener Rückversicherungs-Gesellschaft
Königinstr. 107,80802, Munich
DE
NUTS: DE
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Hannover Re (Bermuda) Ltd
Victoria Place, 2nd Floor 31 Victoria Street, Hamilton HM 10, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
New Reinsurance Company Ltd
Zollikerstrasse 226,CH - 8008 Zurich
CH
NUTS: CH
The contractor is an SME:
No
V.2.3) Name and address of the contractor
SCOR Global P&C SE — UK Branch
10 Lime Street, London
EC3M 7AA
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Hiscox Syndicate 33
Victoria Place, 3rd Floor West, 31 Victoria Street Hamilton, HM10, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Hiscox Insurance Company (Bermuda) Ltd
4th Floor Wessex House, 45 Reid Street, Hamilton HM12, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Nephila Syndicate 2357
Victoria Place, 3rd Floor West, 31 Victoria Street Hamilton, HM10, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Renaissance Reinsurance Ltd
Renaissance House, 12 Crow Lane, Pembroke HM 19, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Davinci Reinsurance Ltd
Renaissance House, 12 Crow Lane, Pembroke HM 19, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Renaissance Re Syndicate 1458
125 Old Broad Street London
EC2N 1AR
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Ariel Re Syndicate 1910
Exchequer Court, 33 St. Mary Axe, London,
EC3A 8AA
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Pozavarovalnica Sava d.d.
Dunajska cesta 56, 1000, Ljubljana, Slovenia
SI
NUTS: SI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Markel Bermuda Ltd
Markel House, 2 Front Street, Hamilton, HM 11, Bermuda
BM
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:
: 119 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 3
Contract No: 3
Title: Property Reinsurance Aggregate Excess 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: 17
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Swiss Re Europe S.A., UK Branch
30 St Mary Axe London,
EC3A 8EP
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Münchener Rückversicherungs-Gesellschaft
Königinstr. 107,80802, Munich
DE
NUTS: DE
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Hannover Re Bermuda
Victoria Place, 2nd Floor 31 Victoria Street, Hamilton HM 10, Bermuda
UK
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
New Reinsurance Company Ltd
Zollikerstrasse 226,CH - 8008 Zurich
CH
NUTS: CH
The contractor is an SME:
No
V.2.3) Name and address of the contractor
SCOR Global P&C SE — UK Branch
10 Lime Street, London,
EC3M 7AA
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Hiscox Syndicate 33
1 Great St Helens, London
EC3A 6HX
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Hiscox Insurance Company (Bermuda) Ltd
4th Floor Wessex House, 45 Reid Street, Hamilton HM12, Bermuda
BM
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
XL Bermuda Ltd
O' Hara House, P.O. Box HM 2245, One Bermudian Road
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
XL Re Europe SE (UK Branch)
20 Gracechurch Street, London
EC3V 0BG
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Partner Reinsurance Company Ltd
Bellerivestrasse 36, 8034, Zurich, Switzerland
CH
NUTS: CH0
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Renaissance Reinsurance Ltd
Renaissance House, 12 Crow Lane, Pembroke HM 19, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Davinci Reinsurance Ltd
Renaissance House, 12 Crow Lane, Pembroke HM 19, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Renaissance Re Syndicate 1458
125 Old Broad Street London
EC2N 1AR
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Ariel Re Syndicate 1910
Exchequer Court, 33 St. Mary Axe, London,
EC3A 8AA
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Pozavarovalnica Sava d.d.
Dunajska cesta 56, 1000, Ljubljana, Slovenia
SI
NUTS: SI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
TransRe London Ltd
55 mark Lane, London,
EC3R 7 NE
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 119 000 000.00
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: 12
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Swiss Re Europe S.A., UK Branch
30 St Mary Axe London,
EC3A 8EP
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
MS Amlin AG (Bermuda Branch)
141 Front Street, Hamilton, Bermuda, HM19, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's MS Amlin Syndicate 2001
122 Leadenhall Street, London,
EC3V 4AG
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Pozavarovalnica Sava d.d.
Dunajska cesta 56, 1000, Ljubljana, Slovenia
SI
NUTS: SI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Hiscox Insurance Company (Bermuda) Ltd
4th Floor Wessex House, 45 Reid Street, Hamilton HM12, Bermuda
Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Münchener Rückversicherungs-Gesellschaft
Königinstr. 107,80802, Munich
DE
NUTS: DE
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Hannover Re (Bermuda) Ltd
Victoria Place, 2nd Floor 31 Victoria Street, Hamilton HM 10, Bermuda
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
New Reinsurance Company Ltd
Zollikerstrasse 226,CH - 8008 Zurich
CH
NUTS: CH0
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Lloyd's Hiscox Syndicate 33
1 Great St Helens, London,
EC3A 6HX
UK
NUTS: UKI
The contractor is an SME:
No
V.2.3) Name and address of the contractor
XL Bermuda Ltd
O' Hara House, P.O. Box HM 2245, One Bermudian Road
BM
NUTS: UK
The contractor is an SME:
No
V.2.3) Name and address of the contractor
XL Re Europe SE (UK Branch)
20 Gracechurch Street, London
EC3V 0BG
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 119 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 5
Contract No: 5
Title: Provision of Property — Risk Excess of Loss 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: 3
The contract has been awarded to a group of economic operators:
Yes
V.2.3) Name and address of the contractor
Münchener Rückversicherungs-Gesellschaft
Königinstr. 107, 80802, Munich
DE
NUTS: DE
The contractor is an SME:
No
V.2.3) Name and address of the contractor
Hannover Ruck SE
Karl-Wiechert-Allee 50,30625, Hannover, Germany
DE
NUTS: DE
The contractor is an SME:
No
V.2.3) Name and address of the contractor
New Reinsurance Company Ltd
Zollikerstrasse 226,CH — 8008 Zurich
CH
NUTS: CH0
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 119 000 000.00
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