Provision of Insurance Brokerage Services to the Bank of England
Bank of England · Awarded contract
AwardedProvision of Insurance Brokerage Services to the Bank of England
Awarded 31 May 2020
Awarded31 May 2020
Value£120,500.00
SupplierWillis Towers Watson
AgencyBank of England
RegionUnited Kingdom
CategoryFinance & Insurance
Ended 3y 5mo ago2y 12mo term
Awarded 31 May 2020Expired 30 May 2023
About
Bank of England awarded a contract to Willis Towers Watson for insurance brokerage services, including running a compliant tender process to appoint insurers, driving commercial reviews to ensure value-for-money, producing annual policy reports, and providing a claims management process.
The contract value is £120,500.
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Provision of Insurance Brokerage Services to the Bank of England
Won by Willis Towers Watson · Bank of England
£121Kawarded
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Insurance Brokerage for Group Life Assurance and Group Income Protection – National Wealth FundFinance & Insurance · Closes 12 Nov 2026
Property Insurance for 8,500 Leasehold, Right-to-Buy, Shared Ownership and Mortgaged Residential Properties – London Borough of Hackney (Excluding Broker Services)Finance & Insurance · Closes 20 Nov 2026
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Key requirementsFrom 12 documents
Who can bidRegistered commercial cleaners
Mandatory criteriaPolice checks for staff on site
How it is scoredPrice 40%, experience 35%, method 25%
Insurance£20M public liability
Key datesSite visit 14 Oct, closes 28 Oct
Est. value£1.2M – £1.8M
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