# T1115 - UMAL Insurance Broker

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [UNIVERSITY OF ESSEX](/buyers/university-of-essex/contract-awards)
- Contract winner: Lockton LLP
- Award value: £0
- Tender value: £125,000,000
- Award date: 5 June 2025
- Published: 5 June 2025
- Contract start: 1 August 2025
- Contract end: 31 July 2030
- Stage: awarded
- Procurement category: services
- Notice ID: 7e34aae0-63cd-4ec2-b3f9-d13b83360a24-848346
- OCID: ocds-b5fd17-427fc22c-0a3e-41ae-80f9-ca3910c4b9ed

## Description

UMAL needs to secure the services of a UK-based insurance broker with experience, expertise and capacity to act as an intermediary between UMAL and the insurance market \(i\.e\. insurers, reinsurers, and other risk financing institutions\)\. The broker will be required to assist with insurance needs of UMAL which include: a\. Placing Insurance risks with insurers \(both local and international\) b\. Ensuring adequate insurance for all UMAL exposures c\. Providing wholesale insurance broking services for HMSL on behalf of its Members d\. Covering the entity risks of UMAL, which includes i\. Office Insurance and related covers ii\. Professional Indemnity iii\. Directors and Officers for UMAL Directors and officers iv\. Crime v\. Cyber

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/7e34aae0-63cd-4ec2-b3f9-d13b83360a24-848346)