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In deliveryUnited KingdomServices£6,800,000Add to pipeline

Corporate Insurance Services

Awarded to RISK MANAGEMENT PARTNERS LTD., ZURICH INSURANCE COMPANY LTD

Reading Borough Council(buyer)

Published
Published 28 October 2025
Deadline
Closed 10 December 2025
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Overview

Reading Borough Council awarded corporate insurance services contracts to Risk Management Partners Ltd and Zurich Insurance Company Ltd on 13 February 2026, effective 1 April 2026. The three-year agreement covers annual insurance policies for the Council and Brighter Futures for Children (its children services company), with an estimated value of £8.5 million and provisions for a six-month break clause and policy transfer options subject to terms.

Contracting authority

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Lots (6)

  • Property

    This Section incorporates the following classes of business: Property (General Properties) - Buildings & Content Housing Properties - Buildings & Contents LEA Education Properties - Buildings & Contents Business Interruption:- Increase in Cost of Working Rent Receivable Specified All Risks Works in Progress

    £2,436,000Won by ZURICH INSURANCE COMPANY LTD

  • Commercial property

    This Section incorporates the following classes of business:  Industrial and Commercial Properties a. Buildings b. Loss of Rent

    £320,000Won by ZURICH INSURANCE COMPANY LTD

  • Casualty

    This Lot incorporates the following classes of business: Employers Liability Public and Products Liability Officials Indemnity Land Charges Libel and Slander Professional Indemnity Hirers Liability

    £3,040,000Won by ZURICH INSURANCE COMPANY LTD

  • Motor Fleet

    This Section incorporates the following classes of business: Motor Fleet School Minibuses Occasional Business Use Uninsured Loss Recovery Service (ULR)

    £640,000Won by ZURICH INSURANCE COMPANY LTD

  • Engineering

    This Section incorporates the following classes of business: Engineering Insurance Engineering Inspection

    £224,000Won by RISK MANAGEMENT PARTNERS LTD.

  • Fidelity Guarantee / Crime

    Employee Fraud Indemnity in respect of loss of money, securities and other property resulting directly from one of more fraudulent or dishonest acts committed by an employee, provided that such fraudulent or dishonest acts are committed Territorial Limits British Isles but including losses resulting from overseas visits Policy Interest Policies are to be prepared in the name of Reading Borough Council Subsidiary to be included Brighter Futures for Reading Ltd – In run-off as of 1st April 2026

    £140,000Won by RISK MANAGEMENT PARTNERS LTD.

Key details

Country
United Kingdom
Status
In delivery
Category
Services
Estimated value
£6,800,000
Procedure
Open
Published
28 October 2025
Deadline
Closed
Classification (CPV)
Insurance services

Award outcome

Award date
13 February 2026
Contract period
31 March 2026 → 31 March 2029
Winners
  • RISK MANAGEMENT PARTNERS LTD.
  • ZURICH INSURANCE COMPANY LTD

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Notice history

Every published notice in this contracting process, newest first.

  1. Contract

    20 February 2026

  2. Tender Update

    28 October 2025

  3. Contract Notice

    28 October 2025

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