# NU/1898 Property & Professional Indemnity Insurance

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [Newcastle University](/buyers/newcastle-university/contract-awards)
- Tender value: £3,228,238
- Published: 26 April 2023
- Planned start: 1 August 2023
- Planned end: 31 July 2027
- Stage: open_tender
- Procurement category: services
- Notice ID: fb7ec20d-3351-4c95-942a-40457c56cdf9-639531
- OCID: ocds-b5fd17-487e0825-0528-462e-a445-001dba80ef93

## Description

The University has issued a PIN \(call for competition\) for Property & Professional Indemnity insurances as required by Newcastle University\. The tender process is being managed by Arthur J\. Gallagher Insurance Brokers Ltd who will conduct negotiations with insurers who meet the minimum requirements\. Details of the University's risk profile are available from Arthur J\. Gallagher Insurance Brokers\. This may be amended from time to time to meet the changes in the University's requirements\. The University recognises that there may be a need for cover to be provided on a scheduled/co-insured/layered basis whereby multiple insurers provide the ultimate capacity required given the scale of the placement\. The tender process is therefore being managed by Arthur J\. Gallagher insurance Brokers Ltd who will conduct negotiations with insurers as indicated above should it not be possible place the cover with a single insurer\. It is the University's preference to enter into a longer term agreement for a period of 4 years although it would be prepared to proceed with a placement for a single year commencing on 1 August 2023 or for a single years plus 3 extension options for a further year\. To participate in this exercise you should contact UKPublicSector@AJG\.com and Leigh\.Robinson@ncl\.ac\.uk

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/fb7ec20d-3351-4c95-942a-40457c56cdf9-639531)