AwardedAwarded 13 February 2026

Corporate Insurance Services

Reading Borough Council · Local authority

In brief

Reading Borough Council awarded financial services work to Zurich Insurance Company Ltd and Risk Management Partners Ltd on 13 February 2026.

The notice gives a value of £6,800,000 excluding VAT.

The contract runs for 3 years, up to 7 years with extensions, starting 1 April 2026.

It is split into 6 lots, so a supplier can bid for part of the work.

Built from the notice's own fields. Always check the official notice before you bid.

What the notice says

We are seeking tender submissions for annual policies, which commence on 1st April 2026 in the name of: Reading Borough Council CIVIC OFFICES, BRIDGE STREET, READING, BERKSHIRE RG1 2LU Additional Insured Interests: Brighter Futures for Children - a wholly owned Children Services Company - cease trading brought back into RBC 31 March 2026. Whilst Homes for Reading are a wholly owned Company they are not included in the tender. The Long Term Agreement shall contain a break clause in the event of any significant changes to the Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Authority. In the…Read the full description
We are seeking tender submissions for annual policies, which commence on 1st April 2026 in the name of: Reading Borough Council CIVIC OFFICES, BRIDGE STREET, READING, BERKSHIRE RG1 2LU Additional Insured Interests: Brighter Futures for Children - a wholly owned Children Services Company - cease trading brought back into RBC 31 March 2026. Whilst Homes for Reading are a wholly owned Company they are not included in the tender. The Long Term Agreement shall contain a break clause in the event of any significant changes to the Authority introduced by Central Government or other bodies that would make the continuance of the Long Term Agreement unsuitable for the Authority. In the event of an intended break in the Long Term Agreement the insurer must provide the Authority with 6 months' notice to enable the Authority to procure a suitable alternative. Please advise within your Tender Specification if this cannot be complied with. The Authority allows a successful Tender to transfer the insurance policies placed as a result of this Tender to another insurer during the term of the LTA provided that the new insurer is in the same ultimate as the original one, the insurer credit rating is not adversely affected and the terms and conditions of the insurance remain the same. Full details of the requirement can be found in the Specification document. The tender documents contain proposals for the works. Estimated contracted value is £8.5M over 3 years.

Lots

LotTradeValue
Property
1 April 2026 to 31 March 2029
What this lot covers

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

Financial services and insurance£2,436,000
Commercial property
1 April 2026 to 31 March 2029
What this lot covers

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

Financial services and insurance£320,000
Casualty
1 April 2026 to 31 March 2029
What this lot covers

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

Financial services and insurance£3,040,000
Motor Fleet
1 April 2026 to 31 March 2029
What this lot covers

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

Financial services and insurance£640,000
Engineering
1 April 2026 to 31 March 2029
What this lot covers

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

Financial services and insurance£224,000
Fidelity Guarantee / Crime
1 April 2026 to 31 March 2029
What this lot covers

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

Financial services and insurance£140,000

Who won

WinnerLotValueDates
Zurich Insurance Company LtdProperty, Casualty, Motor Fleet£5,500,000
Awarded 13 February 2026
Zurich Insurance Company Ltd
4 bids received
Commercial property£730,000
Awarded 13 February 2026
Risk Management Partners Ltd (SME)Engineering, Fidelity Guarantee / Crime£450,000
Awarded 13 February 2026

Values as the award notice gives them, excluding VAT where stated.

Timeline

  1. Tender notice · UK4, notice 068956-2025
  2. Tender notice · UK4, notice 069090-2025
  3. Contract award notice · UK6, notice 015741-2026

About the buyer

Procurements

54

Awards

26

Suppliers it has used most for financial services

  1. Motor Fleet Insurance Renewal

    James Paget University Hospitals NHS Foundation TrustNorth East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South WestFinancial services and insurance

    Open10 days left

    £21kestimated
  2. ESNEFT 3197 Charitable Funds Investment

    East Suffolk and North Essex NHS Foundation TrustNorth East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South WestFinancial services and insurance

    Open12 days leftExpress interestSuitable for SMEs

    £278kestimated
  3. The Provision of Firefighter Pension and Administration and Pensioner Payroll Services

    Cleveland Fire AuthorityNorth East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South WestFinancial services and insurance

    Open35 days leftSuitable for SMEs

    £500kestimated

From notice 068956-2025 on Find a Tender, first published 28 October 2025, last updated 20 February 2026. We last checked for changes on 28 September 2026.