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
Lots
| Lot | Trade | Value |
|---|---|---|
| Property 1 April 2026 to 31 March 2029 What this lot coversThis 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 coversThis 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 coversThis 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 coversThis 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 coversThis 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 coversEmployee 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
| Winner | Lot | Value | Dates |
|---|---|---|---|
| Zurich Insurance Company Ltd | Property, 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
- Tender notice · UK4, notice 068956-2025
- Tender notice · UK4, notice 069090-2025
- Contract award notice · UK6, notice 015741-2026
About the buyer
Procurements
54Awards
26Suppliers it has used most for financial services
- Risk Management Partners Ltd1 contract
- Zurich Insurance Company Ltd1 contract
Similar open tenders
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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.