📑Construction 'All Risks' and Third Party Liability Insurance of the Fehmarnbelt Fixed Link Project -- Co-insurance
Procurement process summary
This process is to purchase Construction 'All Risks' and Third Party Liability Insurance of the Fehmarnbelt Fixed Link Project -- Co-insurance.
This contract was awarded by 🇩🇰 Femern A/S for an amount of EUR 2,500,000 to 1 supplier. It was published on 2019-12-09 through open
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
Buying entity🇩🇰 Femern A/S Buying unitnot reported Publication date2019-12-09 Contest statusnot reported DescriptionFemern A/S requires insurance services related to the construction of the Fehmarnbelt Fixed Link comprising:Lot 1: Construction 'All Risks' and Third Party Liability Insurance;Lot 2: Excess Third Party Liability Insurance.The owner has completed a separate procedure calling for tenders from lead insurers for each lot. The lead insurers who were awarded the contracts on each lot are:Lot 1: SCOR Europe SE (32,5 % capacity);Lot 2: Chubb European Group SE (30 % capacity).However, it is noted that the standstill period in the abovementioned tender procedure is still running.This procurement calls for co-insurers to support the lead insurers. Note that multiple co-insurers will be awarded the contract/share of the Policy on each lot.The Fehmarnbelt Fixed Link Project will traverse the 18 km distance across the Fehmarnbelt between Lolland in Denmark and Puttgarden in northern Germany. The works covered by the Policy have an estimated value of 5 379 000 000 EUR.Awards
This award was granted to Berkshire Hathaway European Insurance Designated Activity Company by Femern A/S for an amount of EUR 2,500,000. The procurement process was conducted through open for the category of services. The award was granted on 2020-05-12. This is award number 1.
| Supplier | Amount | Award date | Award number |
|---|---|---|---|
| 🇮🇪 Berkshire Hathaway European Insurance Designated Activity Company | EUR 2,500,000 | 2020-05-12 | 1 |
Market context and opportunities
The execution of this contract allows the entity Femern A/S to fulfill its public service objectives efficiently.
The open purchase modality ensures that the process is transparent and compliant with regulations.
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
This transparency in public procurement promotes fair competition, prevents corruption, and ensures that public resources are used efficiently for the benefit of citizens.
Additional data
Contract NumberDK_ocds-70d2nz-ef4d2586-e355-48f1-a4a7-064575b6d3cf-award-1Publication date2019-12-09Contract datenot reportedAward date2020-05-12CategoriesservicesPurchase modalityopenMethod detailspt_openStatusnot reportedData sources
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