Insurance and Related Services to Cardiff Community Housing Association Limited

Cardiff Community Housing Association (CCHA) Limited is seeking the provision of insurance and related services to cover property, legal liability, and other general non-life insurable risks. The contract is divided into six distinct lots: Lot 1 covers Property and Legal Liability; Lot 2 focuses on Motor Vehicle Risk, including legal expenses and occasional business use; Lot 3 addresses Cyber insurance; Lot 4 covers Terrorism via Pool Re; Lot 5 covers Terrorism and Political Violence outside of Pool Re; and Lot 6 covers Directors and Officers' Liability. The procurement follows a competitive flexible procedure involving an Invitation to Tender and a Best and Final Offer stage, with a request to participate deadline of December 7, 2026. The contract is based in Wales with an initial term of three years and a possible extension for an additional two years, potentially lasting until June 30, 2032. Evaluation criteria are weighted by lot, with most lots prioritizing quality at 60% and cost at 40%, while Lot 2 prioritizes cost at 60%. To ensure financial stability, insurers must hold a minimum rating of 'BBB' from Standard and Poor or 'B++' from A.M. Best, or an equivalent reputable rating. Any insurer rated below A- requires a written recommendation from the bidder's market security committee and is subject to the contracting authority's sole discretion for acceptance.