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AwardedAwarded 11 June 2026

Insurance Broker Services

HS1 Ltd (t/a London St. Pancras Highspeed) · Private utility

In brief

HS1 Ltd (t/a London St. Pancras Highspeed) awarded financial services work to Marsh Limited on 11 June 2026.

The notice gives a value of £45,535,714 excluding VAT.

The contract runs for 5 years, up to 8 years with extensions, starting 1 July 2026.

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

What the notice says

Under its Concession Agreement with the DfT, London St. Pancras Highspeed (LSPH) is required to source a range of insurance policies. These policies must provide levels of cover which are specified in Schedule 5 (pages 150 - 157) of the Concession Agreement, which is available on LSPH's website at https://stpancras-highspeed.com/our-company/regulatory/regulatory-docs/ . LSPH is seeking to appoint an Insurance Broker to deliver its obligations at optimal cost, whilst minimising risk to LSPH. LSPH will be replacing its current Insurance Broker Services contract in July 2026. The contract will be for 5 years with an option to extend up to 3 more years, to deliver the services, to be defined in more detail in the ITT stage of this procurement - for those suppliers that are successful in the initial PSQ stage. The successful tenderer will ensure that all the required policies are placed for the initial annual insurance renewal date, which is 14th November 2026, and subsequent years thereafter.

Who won

WinnerValueDates
Marsh Limited£35,600,000
Awarded 11 June 2026

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

Timeline

  1. Tender notice · UK4, notice 025862-2026
  2. Tender notice · UK4, notice 032441-2026
  3. Contract award notice · UK6, notice 056601-2026

About the buyer

HS1 Ltd (t/a London St. Pancras Highspeed)Last 12 months

Procurements

5

Awards

1

Suppliers it has used most for financial services

All tenders and awards from HS1 Ltd (t/a London St. Pancras Highspeed)

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From notice 025862-2026 on Find a Tender, first published 20 March 2026, last updated 16 June 2026. We last checked for changes on 28 September 2026.