📑Flood Re Outwards Reinsurance Programme Bid Process 1: Lead Contracts
Procurement process summary
This process is to purchase Flood Re Outwards Reinsurance Programme Bid Process 1: Lead Contracts.
This contract was awarded by 🇬🇧 Flood Re Ltd for an amount of GBP 112,000,000 to 1 supplier. It was published on 2019-11-05 through selective
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
Buying entity🇬🇧 Flood Re Ltd Buying unitnot reported Publication date2019-11-05 Contest statusnot reported DescriptionProvision of lead capacity for reinsurance programmes.Awards
This award was granted to Markel Bermuda Ltd by Flood Re Ltd for an amount of GBP 112,000,000. The procurement process was conducted through selective for the category of services. The award was granted on 2019-04-01. This is award number 4.
This contract has multiple awards. This is award number 4. View other awards for this contract
| Supplier | Amount | Award date | Award number |
|---|---|---|---|
| 🇧🇲 Markel Bermuda Ltd | GBP 112,000,000 | 2019-04-01 | 4 |
Market context and opportunities
The execution of this contract allows the entity Flood Re Ltd to fulfill its public service objectives efficiently.
The selective 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 NumberUK_ocds-70d2nz-007f39e2-063c-46dc-8411-39e6ef00c2b5-award-4Publication date2019-11-05Contract datenot reportedAward date2019-04-01CategoriesservicesPurchase modalityselectiveMethod detailspt_competitive_negotiationStatusnot reportedData sources
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