Provision of Insurance and related services to Torus62 Limited

A Contract Award Notice
by TORUS62 LIMITED

Source
Find a Tender
Type
Contract (Services)
Duration
3 year (est.)
Value
£14M-£16M
Sector
BUSINESS
Published
09 Jan 2026
Delivery
28 Nov 2025 to 27 Nov 2028 (est.)
Deadline
n/a

Related Terms

Location

UNITED KINGDOM

Geochart for 3 buyers and 7 suppliers

Description

Provision of Insurance and related services to Torus62 Limited

Lot Division

1 Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Torus62 Limited

A programme of General (non-life) insurance and related services for Torus62 Limited. The programme will require Insurance and related services for risks that may include but not be limited to: property damage and business interruption, employers, public, products and property owners liability, business combined/office, money, all risks, computer, contract works, group personal accident and employment practices liability. This list is to be decided at the sole discretion of Torus62 Limited. This Lot excludes: Motor (see Lot 2), Cyber (see Lot 3), Terrorism Pool-Re (see Lot 4), Terrorism (Non-Pool Re) (see Lot 5), Directors' & Officers' Liability (see Lot 6) and Alternative Risk Financing (see Lot 7)

Award Criteria
PRICE _
2 Insurance and related services for Motor Fleet Risks for Torus62 Limited

Insurance and related services for Motor Fleet Risks for Torus62 Limited

Award Criteria
Quality 40.0
Cost 60.0
3 Insurance and related services associated with Cyber risks for Torus62 Limited

Insurance and related services associated with Cyber Risks for Torus62 Limited

Award Criteria
Quality 40.0
Cost 60.0
4 Insurance and related services associated with Terrorism (Pool-Re) for Torus62 Limited

Insurance and related services associated with Terrorism risks (Pool-Re) for Torus62 Limited. Please note, Torus62 Limited will award either Lot 4 or Lot 5 at its sole discretion and will not Award both.

Award Criteria
Quality 40.0
Cost 60.0
5 Insurance and related services associated with Terrorism/Political Violence risks (Non Pool-Re) for Torus62 Limited

Insurance and related services associated with Terrorism Non Pool-Re/Political Violence for Torus62 Limited Please note, Torus62 Limited will award either Lot 4 or Lot 5 at its sole discretion and will not Award both.

Award Criteria
Quality 40.0
Cost 60.0
6 Insurance and related services associated with Directors' and Officers' Liability for Torus62 Limited

Insurance and related services associated with Directors' and Officers' for Torus62 Limited

Award Criteria
Quality 40.0
Cost 60.0
7 Insurance and related services by way of a combination of Alternative Risk Financing and traditional Insurance for Torus62 Limited

Insurance and related services by way of a combination of Alternative Risk Financing and traditional Insurance, as determined by the Bidder. This Lot is an optional Lot, which can be awarded or not awarded at the sole discretion of Torus62 Limited depending on Torus' requirements for Lot 1. This Lot excludes: Motor (see Lot 2), Cyber (see Lot 3), Terrorism Pool-Re (see Lot 4), Terrorism (Non-Pool Re) (see Lot 5) and Directors' & Officers' Liability (see Lot 6).

Award Criteria
Quality 40.0
Cost 60.0

Award Detail

1 Arthur J Gallagher Insurance Brokers (Glasgow)
  • Insurance and related services for Property, legal liability and other general (non-life) insurable risks, as required by Torus62 Limited
  • Num offers: 2
  • Value: £20,000,000.0-£23,000,000
2 Jensten Insurance Brokers London & SE (South Woodford)
  • Insurance and related services for Motor Fleet Risks for Torus62 Limited
  • Num offers: 3
  • Value: £2,800,000.0-£2,900,000
3 Arthur J Gallagher Insurance Brokers (Glasgow)
  • Insurance and related services associated with Cyber Risks for Torus62 Limited
  • Num offers: 4
  • Value: £185,000.0-£500,000
4 Unnamed (None)
  • Insurance and related services associated with Terrorism (Pool Re) for Torus62 Limited
  • CONTRACT NOT AWARDED – NO SUCCESSFUL BIDDERS.
5 Arthur J Gallagher Insurance Brokers (Glasgow)
  • Insurance and related services associated with Terrorism/Political Violence (Non Pool Re) for Torus62 Limited
  • Num offers: 3
  • Value: £360,000.0-£580,000
6 Jensten Insurance Brokers London & SE (South Woodford)
  • Insurance and related services associated with Directors and Officers for Torus62 Limited
  • Num offers: 4
  • Value: £75,000.0-£145,000
7 Unnamed (None)
  • Insurance and related services associated with Alternative Risk Financing for Torus62 Limited
  • CONTRACT NOT AWARDED – NO SUCCESSFUL BIDDERS.

CPV Codes

  • 66510000 - Insurance services
  • 66513100 - Legal expenses insurance services
  • 66515100 - Fire insurance services
  • 66515200 - Property insurance services
  • 66516000 - Liability insurance services
  • 66516500 - Professional liability insurance services
  • 66517300 - Risk management insurance services
  • 66518000 - Insurance brokerage and agency services
  • 66518300 - Insurance claims adjustment services
  • 66513200 - Contractor's all-risk insurance services
  • 66515000 - Damage or loss insurance services
  • 66515410 - Financial loss insurance services
  • 66516400 - General liability insurance services
  • 66514110 - Motor vehicle insurance services
  • 66516100 - Motor vehicle liability insurance services
  • 66000000 - Financial and insurance services

Indicators

  • Options are available.
  • Award on basis of price and quality.

Other Information

To view this notice, please click here: https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=1004450129 GO Reference: GO-202619-PRO-34068468

Reference

  • FTS 002010-2026

Domains