UK Export Finance Political and Credit Risk Insurance Services

Tender description

UK Export Finance (“the customer”) has a potential requirement for the provision of Political and Credit Risk Insurance Services. Insurance Brokerage Services • Arranging the placing of new Contracts of Insurance (as described below) • Managing communications and endorsements relating to new and existing Contracts of Insurance Political and Credit Risk Insurers The typical profile of the insurance policies is (but not limited to): • Political and Credit Risk, generally involving counterparties outside the UK • Facultative Insurance Policies (although other forms of insurance policy may be considered, eg Treaty Insurance) • Sums insured typically between £10m and £500m • Call offs to be made through direct award or further competitions c.5 times per annum • Insurance tenors between 5 and 15 years • Transactions and Premiums denominated in US Dollars or Euros At this stage of the procurement UKEF are conducting pre-market engagement and would like to hear from organisations interested in either or both opportunities. To register your interest, please email corporateservices@trade.gov.uk by COP Wednesday 4th August 2021. Lot 1: Insurance Brokerage Services As per the Short Description. Lot 2: Political and Credit Risk Insurers as per the short description