TenneT Reinsurance B.V. - Fronting insurer
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TenneT Reinsurance B.V. (TenneT Re) was established as a reinsurance captive insuring the retained risks for the offshore related insurances. In order to comply with the licence requirements TenneT Re reuqires an insurer to act as a fronter to insure retained risks. In that respect TenneT Re is looking for a reliable, trustworthy and highly professional Captive fronting insurer. Tender Procedure TenneT is a "contracting entity" subject to the Public Procurement Act 2012. The notice for this Call for Competition will be published via tender platform Mercell Source-to-Contract to the Official Journal of the European Union available at http://ted.europa.eu. The Call for Competition will be based on the negotiated procedure with prior publication, which means that initially an interested market party may apply as a Candidate. Details on general tender procedure can be found in the document "Procedure Guidelines". Please note: TenneT reserves the right to directly award the contract to the initial tenderers on the basis of the published evaluation procedure without negotiations (§ 15 (4) SektVO). In that respect initial offers need to be binding. Award Criteria "Price" / weighting: 50% "Technical Concept" / weighting: 40 % "Contract" / weighting: 10 % In order to protect the confidentiality of the information provided by the client in the tender documents, it is mandatory to conclude a confidentiality Agreement as per "NDA" document provided for download via Mercell. Please send the signed and stamped copy to: michael.gerlich@tennet.eu After sending the NDA and a plausibility check by the Client, the Client will grant the interested parties access to the tender by Email. After registering for the tender at Mercell Source-to-Contract, you will find all tender documents in the call for competition phase under "Questionnaires", section "Call for Competition", question 1.1. The bidder can not deduce eligibility for participation only from signing and submitting the NDA. TenneT will only accept tenderers who successfully qualify during the call for competition phase to participate in the offer phase. The application for the call for competition must be submitted in due time and no later than by 05.08.2024 at 12:00 CET via the e-Award platform Mercell Source-to-Contract. Individual extensions of time will not be granted. Please start your upload process early enough. Submission of the request to participate (applications) by Email, mail or fax are not permitted. A violation of this requirement will lead to disqualification of the applicant and exclusion from the tender process. Please make sure to familiarize yourself with the Schedule, Questionnaires, Messages section and the Q&A section early enough and thoroughly read through all relevant documents. In case of technical difficulties, please reach out to Mercell: Servicedesk Mercell: support-nl@mercell.com Phone: +31 (0) 85-001 4593 Opening hours: 9:00-17:00 CET
About the bid
- Contact name
- Michael Gerlich
- Contact phone
- +491727548576
- Contact email
- michael.gerlich@tennet.eu
- Address
- Bernecker Straße 70, 95448 Bayreuth
TenneT Reinsurance B.V. (TenneT Re) was established as a reinsurance captive insuring the retained risks for the offshore related insurances. In order to comply with the licence requirements TenneT Re reuqires an insurer to act as a fronter to insure retained risks. In that respect TenneT Re is looking for a reliable, trustworthy and highly professional Captive fronting insurer. Tender Procedure TenneT is a "contracting entity" subject to the Public Procurement Act 2012. The notice for this Call for Competition will be published via tender platform Mercell Source-to-Contract to the Official Journal of the European Union available at http://ted.europa.eu. The Call for Competition will be based on the negotiated procedure with prior publication, which means that initially an interested market party may apply as a Candidate. Details on general tender procedure can be found in the document "Procedure Guidelines". Please note: TenneT reserves the right to directly award the contract to the initial tenderers on the basis of the published evaluation procedure without negotiations (§ 15 (4) SektVO). In that respect initial offers need to be binding. Award Criteria "Price" / weighting: 50% "Technical Concept" / weighting: 40 % "Contract" / weighting: 10 % In order to protect the confidentiality of the information provided by the client in the tender documents, it is mandatory to conclude a confidentiality Agreement as per "NDA" document provided for download via Mercell. Please send the signed and stamped copy to: michael.gerlich@tennet.eu After sending the NDA and a plausibility check by the Client, the Client will grant the interested parties access to the tender by Email. After registering for the tender at Mercell Source-to-Contract, you will find all tender documents in the call for competition phase under "Questionnaires", section "Call for Competition", question 1.1. The bidder can not deduce eligibility for participation only from signing and submitting the NDA. TenneT will only accept tenderers who successfully qualify during the call for competition phase to participate in the offer phase. The application for the call for competition must be submitted in due time and no later than by 05.08.2024 at 12:00 CET via the e-Award platform Mercell Source-to-Contract. Individual extensions of time will not be granted. Please start your upload process early enough. Submission of the request to participate (applications) by Email, mail or fax are not permitted. A violation of this requirement will lead to disqualification of the applicant and exclusion from the tender process. Please make sure to familiarize yourself with the Schedule, Questionnaires, Messages section and the Q&A section early enough and thoroughly read through all relevant documents. In case of technical difficulties, please reach out to Mercell: Servicedesk Mercell: support-nl@mercell.com Phone: +31 (0) 85-001 4593 Opening hours: 9:00-17:00 CETMain features of the procedureDetails of the award procedure can be found in the openly accessible document "Procedure Guidelines.pdf", which can be downloaded from the tender page (see section 5.1.11 of this EU notice). Important: right for direct award of contract TenneT reserves the right to award the contract to the initial tenderers / bids (offers submitted in the offer phase) on the basis of the published evaluation procedure without negotiations and BAFO (§15 (4) SektVO). * In order to protect the confidentiality of the information provided by the awarding authority (TenneT) in the tender documents, it is mandatory to conclude a confidentiality Agreement (NDA) provided for download via Mercell Source-to-Contract tender main page (see section 5.1.11 of this EU notice). Please send the signed and stamped copy to: michael.gerlich@tennet.eu After submitting the NDA and a plausibility check by TenneT, TenneT will grant the interested parties access to the tender by email. After registering for the tender at Mercell, applicants will find all tender documents under "Questionnaires", section "Call for Competition", question 1.1.
Custom Assessment Criteria
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Award Criteria
Description
The price criterion is based on the following evaluation of the bids/offers: The bid with the lowest bid price will be ranked at 1.00. Any bid that exceeds 2 times the lowest bid price will be awarded the last rank, which always corresponds to the number of bids submitted and evaluated. The evaluation of the bid prices which lie in between is carried out by means of linear interpolation with up to two decimal digits.
Evaluation Method
The bid with the lowest bid price will be ranked at 1.00. Any bid that exceeds 2 times the lowest bid price will be awarded the last rank, which always corresponds to the number of bids submitted and evaluated. The evaluation of the bid prices which lie in between is carried out by means of linear interpolation with up to two decimal digits.
Description
For the technical concept please provide following information: 1. Prove of proven experience in offshore (construction) claims handling 2. Required collateral from TenneT Reinsurance B.V. The technical parts of the offers are evaluated against the client’s requirements laid out in the tender documents and assessed on a comparative basis (relative method).
Evaluation Method
The technical parts of the offers are evaluated against the client’s requirements laid out in the tender documents and assessed on a comparative basis (relative method).
Description
Please provide a draft contract wording for insurance fronting service, which includes KPI's regarding Premium settlement and policy issuance. The contractual parts of the offers are evaluated against the client’s requirements laid out in the tender documents and assessed on a comparative basis (relative method).
Evaluation Method
The contractual parts of the offers are evaluated against the client’s requirements laid out in the tender documents and assessed on a comparative basis (relative method).
Qualification requirements
Description
The candidate must be in sound financial health to assure the continuity of service provisioning throughout the term of the contract or (framework) agreement. In order to demonstrate sufficient economic performance, the applicants needs to prove a Standard & Poor's rating of A- or equivalent rating from Fitch and/or Moody's.
Documentation Requirement
The applicant confirms its acceptance of these provisions and that it complies with the respective rating as stated above. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.
Description
In particular and in order to guarantee a proper claims settlement, a minimum annual turnover for insurer of at least Mio. EUR 500 must be existent for the past three financial years. The turnover must originate from services that are comparable to the services to be provided, e.g. underwriting activities. In the case of a bidder consortium the aforementioned sales are based on the cumulative turnover of the consortium partners. For each individual bidder or consortium partner, the total turnover of the group is deemed to be 100% owned by the group parent company.
Documentation Requirement
The applicant confirms its acceptance of these provisions. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.
Description
Is the applicant or bidding consortium making use of the capacities of another economic operator (3rd party) in order to meet the economic and financial minimum criteria according to section III.1.9? If so - In the following, please provide evidence of your suitability borrowing: The 3rd party will be jointly and severally liable with the applicant in the event of a contract award in accordance with the scope of the suitability borrowing (form A3a). The 3rd party must fulfil the corresponding minimum criteria of this section III.1.9.
Documentation Requirement
In addition, the 3rd party must provide the extract from the commercial register and the form or a self-declaration on grounds for exclusion pursuant to Sections 123, 124 GWB (form A7). The forms provided in Mercell for the suitability borrowing as well as the corresponding forms for the fulfilment of the further minimum criteria have to be used.
Description
The applicant has to complete, sign and upload the attached Form A1. The application as a bidding consortium is admitted. A bidding consortium is treated like an individual applicant (Section 50 para. 2 SektVO). If applicants are addressed in the tender documents, this also refers to the joint form of participation of a bidding consortium. In this respect, regulations which specifically are related to bidding consortia, exclusively use the term "Bidding Consortium." The bidding consortium shall nominate an authorized representative for the conclusion and implementation of the contract and who signs form A1. The authorized representative shall be available to the contracting entity as the contact person of the bidding consortium in this tendering procedure.
Documentation Requirement
Members of the bidding consortium shall jointly complete the form "Statement of Bidding Consortium" (Form A2), which also names the authorized representative. If applicable, please complete, sign and upload the attached Form A2.
Description
Please provide a proof of Registration in a commercial register of the relevant authority of the country in which the company is established (e. g. Kamer van Koophandel (NL), Handelsregister (DE), Companies house (UK), erhvervsstyrelsen (DK), Companies registration office (IE)), which may not be older than three months at the date of the submission of the application.
Documentation Requirement
Please provide a proof of Registration in a commercial register of the relevant authority of the country in which the company is established (e. g. Kamer van Koophandel (NL), Handelsregister (DE), Companies house (UK), erhvervsstyrelsen (DK), Companies registration office (IE)), which may not be older than three months at the date of the submission of the application.
Description
Please confirm that no grounds for exclusion under §§ 123, 124 GWB exist. For bidding consortia this statement must be valid for all members of the bidding consortium.
Documentation Requirement
The applicant confirms its acceptance of these provisions. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.
Description
The applicant must be able to evidence the relevant authorization in accordance with legislation and regulation of insurance companies in the countries where the tenderer is established, e. g. FSA (UK), BaFin (GE) or WFT (NL).
Documentation Requirement
The candidate confirms its acceptance of these provisions. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.
Description
The applicant for the captive fronting insurer is required to perform the contract as stated in the tender documentation. To demonstrate that the applicant is capable of fronting Offshore property and Offshore construction business, the applicant must have 2 references for contracts performed by the applicant in the relevant lines of business, in the three (3) years preceding the application dates, which not prior to January 1, 2022. Applicant for the captive fronting insurer should have proven experience in fronting for offshore property insurances and/or offshore construction with the following specifics: Policy description, Company name, Start and end date of contract, Fronting policy limit should be as a minimum 10 Mio. EUR
Documentation Requirement
The applicant confirms its acceptance of these provisions. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.
Description
The candidate must have qualified employed staff which means that requested employed staff is in the possession of relevant qualification as required by the local authorities (e. g. FSA in the UK and BaFin in Germany, AFM in the Netherland). Applicants for lead insurer confirms to have employed staff of: at least 3 qualified underwriters with at least 3 years of experience in underwriting of offshore property business insurances of large infrastructural projects. at least 3 qualified claims handlers with at least 3 years of experience in claims handling of offshore property business insurances of large infrastructural projects. applicant must have those positions filled during the duration of this policy.
Documentation Requirement
The applicant confirms its acceptance of these provisions. Furthermore the applicant agrees that TenneT's broker is allowed to check/verify applicant's confirmation. As soon as the documentary evidence is requested, the applicant must send the documentary evidence by E-Mail within five days.
Description
Is the applicant or bidding consortium referring to the suitability of another economic operator (3rd party) in order to meet the technical minimum criteria according to section III.1.9? If so - In the following, please provide evidence of your suitability borrowing: The 3rd party has to submit a confirmation that he will make his technical capability available in the event of a contract award (form A3b).
Documentation Requirement
Furthermore, detailed information on the 3rd party must be provided (form A1). In addition, the respective 3rd party must submit a self-declaration that there are no grounds for exclusion pursuant to Sections 123 and 124 of the GWB (form A7). The technical borrowing qualification can be provided by several potential 3rd parties for the fulfilment of the selection criteria.
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See the full notice
- Contracting authority
- TenneT Offshore GmbH
- Title
- TenneT Reinsurance B.V. - Fronting insurer
- Type
- Main code
- Supplemental codes
- Location
- Arnhem/Nijmegen
- Estimated value
- €0.00
No supplemental codes from buyer…