Provision of Insurance and Related Services to One Manchester
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One Manchester is seeking one or more providers to deliver insurance and related services across six distinct lots, with a total estimated value of 8,150,000 GBP excluding VAT. The scope of work covers property, legal liability, and general non-life risks, motor risk, cyber risk, terrorism and political violence (both Pool Re and non Pool-Re), and directors and officers liability. The contract is scheduled to run from June 1, 2027, to May 31, 2030, with a potential extension of two additional years through May 31, 2032, based on satisfactory performance and cost. The procurement follows a competitive flexible procedure involving a multi-stage process with shortlisting at each round. Awards are based on a 50 percent cost and 50 percent quality weighting. Quality evaluations focus on the provider's ability to offer a choice of suitable insurers and the deployment of a skilled service team specializing in client relationship management, claims management, broking, underwriting, and risk management. To qualify, insurers must generally hold a minimum rating of A- from Standard and Poor, AM Best, or an equivalent agency, though One Manchester may accept lower ratings at its sole discretion if supported by a market security committee report. A single supplier may be awarded a maximum of five lots.
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