Tender for contract on directors and officers' liability insurance policy - primary layer
Awarded
The competition has ended and a winner has been selected.
Finansiel Stabilitet har inngått en avtale med Zurich Denmark, Branch of Zurich Insurance Europe AG, Germany om å levere en styre- og ledelsesansvarsforsikring (D&O insurance) som dekker et primærlag med verdensomspennende dekning, med en minimumsansvarsgrense på 10 000 000 euro per krav og i årlig aggregat. Avtalen gjelder for perioden 1. mars 2026 til 28. februar 2027, og leveransen skjer i Byen København. Det var 2 leverandører som deltok i konkurransen.
Result
- Winner
- Zurich Denmark, Branch of Zurich Insurance Europe AG, Germany
- Number of bids
- 2
- Contract value
- DKK 0
About the bid
- Contact name
- Laura Munk Petersen
- Contact phone
- +45 61300994
- Contact email
- lmp@fs.dk
- Address
- Sankt Annæ Plads 13, 2. tv., 1250 København K
This tender concerns a contract on directors and officers’ liability insurance (“D&O insurance”) covering a primary layer with worldwide coverage, with a minimum limit of liability of EUR 10,000,000 for each and every claim and in the annual aggregate.Main features of the procedureThis tender concerns a contract on D&O insurance covering a primary layer with worldwide coverage, with a minimum limit of liability of EUR 10,000,000 for each and every claim and in the annual aggregate. The policy period is from 1 March 2026 to 28 February 2027, both days included. FS is planning to take out D&O insurance with an overall limit of liability up to EUR 90,000,000 for the period of 1 March 2026 to 28 February 2027, both days included. The D&O insurance will consist of a primary layer and up to 16 excess layers. The contract subject to this tender procedure is for the primary layer only. The excess layer contracts are subject to a separate tender procedure. A contract notice for the excess layer tender is expected to be published in November 2025. Overall, it is the intention to obtain quotes for the following layers: - 16. excess MEUR xs 85 - 15. excess MEUR 5 xs 80 - 14. excess MEUR 5 xs 75 - 13. excess MEUR 5 xs 70 - 12. excess MEUR 5 xs 65 - 11. excess MEUR 5 xs 60 - 10. excess MEUR 5 xs 55 - 9. excess MEUR 5 xs 50 - 8. excess MEUR 5 xs 45 - 7. excess MEUR 5 xs 40 - 6. excess MEUR 5 xs 35 - 5. excess MEUR 5 xs 30 - 4. excess MEUR 5 xs 25 - 3. excess MEUR 5 xs 20 - 2. excess MEUR 5 xs 15 - 1. excess MEUR 5 xs 10 - Primary layer MEUR 10 (15 or 20) It is a condition for participation in the tender procedure that the tenderer is not subject to any of the mandatory grounds for exclusion set out in Sections 134a, 135 and 136 of the Danish Public Procurement Act, see further below. As preliminary evidence thereof, the tenderer must submit a completed ESPD, see further details below regarding documentation. With regard to Section 134a of the Danish Public Procurement Act, it should be noted that participation is conditional upon the tenderer not being established in a country that is included on the EU list of non-cooperative tax jurisdictions, and which has not acceded to the WTO's Government Procurement Agreement or other trade agreements obligating Denmark to open the public procurement market to tenderers from the relevant country. In part III.D of the ESPD, the tenderer must indicate whether it is subject to the exclusion ground set out in Section 134a. The tenderer may be an agent acting for an insurance company implying that the insurance company will eventually be party to the contract with FS and thus the final issuer of the insurance policy. In such case, it is the insurance company on whose behalf the offer is submitted that must complete the ESPD. The agent shall not complete an ESPD. The tenderer may be an association of undertakings, e.g. a consortium. In such case, each undertaking within the association must complete separate ESPD's providing information on the grounds for exclusions, which must be submitted as part of the offer.
Custom Assessment Criteria
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Award Criteria
Description
The contract will be awarded to the most economically advantageous offer based on the criterion "best ratio between price and quality" on the basis of the following sub-criteria: - Premium - 40 % - Coverage - 60 % For the sub-criteria "Premium", the tenderer must state the premium quote offered for a D&O insurance with a limit of liability of EUR 10,000,000 for each and every claim and in annual aggregate.
Description
The contract will be awarded to the most economically advantageous offer based on the criterion "best ratio between price and quality" on the basis of the following sub-criteria: - Premium - 40 % - Coverage - 60 % For the sub-criteria "Coverage", the tenderer must meet the minimum requirements regarding terms and conditions (Appendix 2) and it will have a positive impact on the evaluation of an offer if that offer exceeds the minimum requirements. The "Coverage" subcriteria is divided into the following sub-criteria: - Retroactive cover for Roskilde Bank (5%): The voluntary quote for retroactive cover for the management of Roskilde Bank is considered valuable. It will have a positive impact on the evaluation of an offer if that offer includes cover for acts and omissions by the insured directors and officers of Roskilde Bank during the period from 1 September 2008 to 10 August 2009. - Credit Strength Rating clause (5%): It will have a positive impact on the evaluation of an offer if that offer includes a clause providing a right for the policyholder to cancel the policy and obtain return of pro rata premium if the credit rating of the insurer drops below A- (Standard & Poor's) or equivalent. - Higher sub-limits (5%): It will have a positive influence on the evaluation of an offer if the quote contained in said offer contains sublimits that exceed the minimum requirements in Appendix 2. - Option for automatic renewal of the policy for 12 months (15%): It will have a positive impact on the evaluation if the offer includes an option for automatic renewal of the policy for 12 months after the expiry of the initial policy period. - Option for automatic renewal of additional 12 months (10%): It will have a positive impact on the evaluation if the offer includes an option for renewal of the policy for an additional 12 months after the expiry of the initial 12 months extension of the policy period. - Option for a primary layer coverage on EUR 15,000,000 (10%): It will have a positive impact on the evaluation if the offer includes a worldwide coverage with a limit of liability of EUR 15,000,000 for each and every claim and in the annual aggregate. - Option for a primary layer coverage on EUR 20,000,000 (10%): It will have a positive impact on the evaluation if the offer includes a worldwide coverage with a limit of liability of EUR 20,000,000 for each and every claim and in the annual aggregate.
Sub-criteria
Description
The voluntary quote for retroactive cover for the management of Roskilde Bank is considered valuable. It will have a positive impact on the evaluation of an offer if that offer includes cover for acts and omissions by the insured directors and officers of Roskilde Bank during the period from 1 September 2008 to 10 August 2009.
Description
It will have a positive impact on the evaluation of an offer if that offer includes a clause providing a right for the policyholder to cancel the policy and obtain return of pro rata premium if the credit rating of the insurer drops below A- (Standard & Poor's) or equivalent.
Description
It will have a positive influence on the evaluation of an offer if the quote contained in said offer contains sublimits that exceed the minimum requirements in Appendix 2.
Description
It will have a positive impact on the evaluation if the offer includes an option for automatic renewal of the policy for 12 months after the expiry of the initial policy period.
Description
It will have a positive impact on the evaluation if the offer includes an option for renewal of the policy for an additional 12 months after the expiry of the initial 12 months extension of the policy period.
Description
It will have a positive impact on the evaluation if the offer includes a worldwide coverage with a limit of liability of EUR 15,000,000 for each and every claim and in the annual aggregate.
Description
It will have a positive impact on the evaluation if the offer includes a worldwide coverage with a limit of liability of EUR 20,000,000 for each and every claim and in the annual aggregate.
Qualification requirements
Description
Det er et krav at leverandørens kredittvurdering er minst A- (Standard & Poor's) eller tilsvarende.
Documentation Requirement
Leverandøren må i del IV.B i ESPD angi om leverandøren oppfyller dette kravet.
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See the full notice
- Contracting authority
- Finansiel Stabilitet
- Title
- Tender for contract on directors and officers' liability insurance policy - primary layer
- Type
- Main code
- Supplemental codes
- Location
- Byen København
- Estimated value
- DKK 0.00
No supplemental codes from buyer…