University of Cumbria · Awarded contract

Awarded

Award of Insurance Programme to Aviva, Nexus Underwriting, Risk Management Partners, and Zurich Insurance

Awarded 01 Aug 2024

View live tenders

Awarded01 Aug 2024

Value£175,840.00

SupplierAviva Plc,Nexus Underwriting Ltd,Risk Management Partners,Zurich Insurance Company Ltd

AgencyUniversity of Cumbria

RegionNorth West

CategoryFinance & Insurance

Expires in 9mo2y 12mo term, 76% elapsed

Awarded 1 Aug 2024Expires 31 July 2027

About

University of Cumbria awarded a contract to Aviva Plc, Nexus Underwriting Ltd, Risk Management Partners, and Zurich Insurance Company Ltd for the provision of an insurance programme, valued at £175,840.

The University procures insurance products based on its assessment and balance of risk, considering legal, moral, and financial duties.

The Finance Team reports to the Vice Chancellor's Executive on internal and external exposures and trends to inform decisions.

Since the last tender in 2019, the University has developed professional relationships with insurer providers, including direct insurers for Property, Liability, and Motor classes, with whom their appointed broker works on a tri-partite basis.

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