Corporate Property, Liability and Terrorism insurance for the Insurance London Consortium (ILC)

The London Borough of Croydon, acting on behalf of the Insurance London Consortium (ILC), is procuring Corporate Property, Liability, and Terrorism insurance for itself and the London Boroughs of Camden, Haringey, Harrow, Islington, Lambeth, and Tower Hamlets. This open procedure solicitation, reference LBC/TN/834, has a total estimated value of 44,100,000 GBP excluding VAT. The contract is intended for a five-year term running from April 1, 2027, to March 31, 2032, with AON UK Limited serving as the procurement facilitator. The requirement is divided into three distinct lots. Lot 1 covers Property insurance for buildings, infrastructure, and assets with an estimated value of 28,700,000 GBP and requires insurer-led bids. Lot 2 covers Terrorism insurance for physical and financial losses with an estimated value of 1,700,000 GBP and accepts broker-led bids. Lot 3 covers Casualty insurance, including public, employers, products, officials, professional, and abuse liability, with an estimated value of 13,700,000 GBP and requires insurer-led bids. Tenders must be submitted electronically in English by November 6, 2026, at 12:00 pm. The award will be determined based on a weighted evaluation of 60 percent price and 40 percent quality.