Tender for contract on directors and officers' liability insurance policy - excess layers

Awarded

The competition has ended and a winner has been selected.

Brief

Finansiel Stabilitet har indgået en aftale med Travelers Insurance DAC, AXIS Specialty Europe SE, Allied World Assurance Company (Europe) DAC, Starr Europe Insurance Limited, QBE Danmark, filial af QBE Europe SA/NV, Belgien, Swiss Re International, filial af Swiss Re International SE, Luxembourg, Markel Insurance SE, Lloyd’s Insurance Company S.A. og International General Insurance Company (Europe) Ltd om levering af direktør- og bestyrelsesansvarsforsikring (D&O forsikring) for excess layers med verdensomspændende dækning, hvor hvert excess layer har en ansvarsgrænse på 5.000.000 EUR per krav og i det årlige aggregat. Leverancen finder sted i Byen København. Aftalen blev tildelt baseret på en vurdering af præmie (40%) og dækning (60%), hvor dækningen inkluderede underkriterier som Credit Strength Rating Clause (10%), højere sub-limits (5%) og en option for automatisk fornyelse af policen for 2 yderligere perioder af 12 måneder hver (20%). Der deltog 3 leverandører i konkurrencen.

Result

Winners
Number of bids: 3
Contract value: DKK 0

About the bid

This tender concerns contracts on directors and officers’ liability insurance (“D&O insurance”) covering excess layers with worldwide coverage, with each excess layer having a limit of liability of EUR 5,000,000 for each and every claim and in the annual aggregate.

Contact name: Laura Munk Petersen
Contact phone: +45 61300994
Contact email: lmp@fs.dk
Address: Sankt Annæ Plads 13, 2. tv., 1250 København K

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 subcriteria "Premium" the tenderer must state the premium quote offered.
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 subcriteria "Coverage" the tenderer must meet the minimum requirements regarding terms and conditions 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: - Credit Strength Rating Clause (10%): It will have a positive impact on the evaluation of an offer if that offer includes a clause providing a right for the policy-holder to cancel the policy and obtain return of pro rata pre-mium if the financial strength 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 sub-limits that exceed the minimum requirements in Appendix 2. - Option for automatic renewal of the policy for 2 additional periods of 12 months each (20%): It will have a positive impact on the evaluation if the offer includes an option for automatic renewal of the policy for 2 additional periods of 12 months each after the expiry of the initial policy period.
Sub-criteria
Description
It will have a positive impact on the evaluation of an offer if that offer includes a clause providing a right for the policy-holder to cancel the policy and obtain return of pro rata pre-mium if the financial strength 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 sub-limits 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 2 additional periods of 12 months each after the expiry of the initial policy period.

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 - excess layers
Type
Main code
Supplemental codes
Location: Byen København
Estimated value: DKK 0.00

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