Closed tender

Captive Insurance Management Services

Details

Value
£1,925,000
Topic
Financial and insurance services
Published
2 March 2026
Submission
7 April 2026

Tender description

Network Rail (NR) has a requirement to re-tender the contract for the Captive Insurance Management Services, which covers the following areas: i. Finance and Accounting ii. Insurance Underwriting iii. Insurance Claims Handling (for Permanent Total Disablement) and Management of Claims Funds iv. Company Governance (including accounting) v. Administration vi. Financial Crime vii. Data Protection OFFICIAL viii. Company Secretarial

Timeline

  1. Completed: Tender published2 March 2026
    Current notice
  2. Completed: Submission date7 April 2026

About the buyer

Network Rail runs a safe, efficient railway, and buys as a central public body split between a national Route Services team and its regional routes. Network Rail's latest spend reporting covers Control Period 7, the 2024-25 financial year.

Safety-critical work needs audited status on RISQS, the rail industry's supplier qualification scheme, before Network Rail contracts directly.

Over the past 5 years, most of Network Rail's contract awards have been in IT services, architectural and engineering services and construction work.

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Decision makers

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