TenneT Reinsurance N.V. - Retrocession / Facultative Reinsurance (OAR)
Published deadline passed
The published deadline has passed. For multi-stage competitions a later tender deadline may still apply — check the notice or portal for the current phase.
TenneT Reinsurance N.V. (TenneT Re) was established as a reinsurance captive insuring the retained risks for the offshore related insurances. Per the submitted captive business plan, TenneT Re has the ability to retain up to €80m annually arising from claims within the primary €20m layer. TenneT Re is now seeking opportunities to transfer part of that €80m to the reinsurance market. In that respect TenneT Re is looking for an experienced, reliable, and highly professional reinsurance partner(s). 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: 50 % 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 21.11.2024 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 N.V. (TenneT Re) was established as a reinsurance captive insuring the retained risks for the offshore related insurances. Per the submitted captive business plan, TenneT Re has the ability to retain up to €80m annually arising from claims within the primary €20m layer. TenneT Re is now seeking opportunities to transfer part of that €80m to the reinsurance market. In that respect TenneT Re is looking for an experienced, reliable, and highly professional reinsurance partner(s). 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: 50 % 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 21.11.2024 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 procedureThe tender will take place exclusively digitally via the Mercell S2C platform. All information about this tender is available to Tenderers within this platform. Further explanations on digital tendering can be found here. Information on the 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 contracting authority is TenneT Reinsurance N.V. The information in the Procedure Guidelines and EU-announcement must be observed and adhered to by the tenderer/bidder. The Procedure Guidelines for this tender describe the general tendering process and the obligations of the bidders. It also contains a guideline for the call for competition phase and the offer phase. Please download the procedure guidelines and read it carefully. Important: Please submit your questions, if any, exclusively via the Questions & Answers module. Important: the documents to be provided by you need to be submitted via the questionnaire only. Please do not submit documents by other means- for example via email - this may lead to exclusion from the tender. Important: right for direct award of contracts 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). Methodology of the Offer/BAFO-evaluation The tenders/bids will be evaluated and on the basis of the award criteria and weighting provided under section 5.1.9. of the EU announcement (see also the weightings of the questionnaire headers in the offer phase). For each criterion - except for the evaluation criterion "price", which has to be dealt with separately - a comparative evaluation is carried out and the bidders are ranked according to their performance within this criterion. The ordinal ranking is then multiplied by the weighting of the respective criterion. The weighted rankings of all criteria are added together. The bidder with the best overall ranking is considered to be the most economically advantageous bidder (the best performance receives the lowest value and, conversely, the lowest performance receives the highest value, depending on the number of bidders) and is thus placed in first place. Price: 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. Technical concept: 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).
Custom Assessment Criteria
Start a free trial to ask your own questions about the tender and get AI-generated answers.
Award Criteria
Description
Insurers are asked to provide a premium in % of original net premium
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
Detail your experience writing operational all risk (offshore and onshore) business in the energy sector Outline your experience of responding to claims for reinsurance recovery from captives covering similar risk profiles Please describe your experience writing ceded business from a captive reinsurance company. please confirm your agreement to follow the original policy terms and conditions as set-out in the OAR contract attached. The captive OAR policy will be representative of the original policy terms and conditions other than in respect of the limit and inner deductibles. The presentation must be in a presentable data format, preferably Powerpoint or PDF (Maximum 5 pages)
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 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. Members of the bidding consortium shall jointly complete the form "Statement of Bidding Consortium" (Form A2), which also names the authorized representative.
Documentation Requirement
The applicant has to complete, sign and upload the attached Form A1. If applicable, please complete, sign and upload the attached Form A2.
Description
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)).
Documentation Requirement
The proof may not be older than three months at the date of the submission of the application.
Description
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
Please confirm that no grounds for exclusion under §§ 123, 124 GWB exist. Please find an English version of this law under the following link: http://www.gesetze-im-internet.de/englisch_gwb/englisch_gwb.html#p1314. 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 this captive structured reinsurance programme is required to confirm they can offer the following reinsurance structure: €10m annual / €30m annual aggregate (reinsurance risk transfer) xs €10m each and every loss (captive retention) which responds following the exhaustion of the Captives €20m aggregated retention
Documentation Requirement
Not specified.
Description
The candidate must be capable of providing a facultative reinsurance programme with a policy duration of at least 2 years.
Documentation Requirement
The applicant confirms its capability.
Description
The applicant for this captive structured reinsurance tender should be capable of accepting the following underlying class of business: Operational all risk, both offshore and onshore
Documentation Requirement
Not specified.
Description
The applicant agrees to the application of Netherlands law and jurisdiction within the reinsurance agreement.
Documentation Requirement
Not specified.
Description
To demonstrate that the applicant is capable of underwriting a reinsurance facultative programme that includes Operational all risk (offshore and onshore business), the applicant must have at request one reference for contracts performed by the applicant in these lines of business, which is not prior to January 1, 2022. The Total Sum Insured should be a minimum 1bn EUR.
Documentation Requirement
The detail of the reference should include the following specifics: Policy description, Company name, Start and end date of contract. 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). The technical borrowing qualification can be provided by several potential 3rd parties for the fulfilment of the selection criteria.
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).
Previous Contract Winners
Start a free trial to see who has won similar tenders for this buyer.
See the full notice
- Contracting authority
- TenneT Offshore GmbH
- Title
- TenneT Reinsurance N.V. - Retrocession / Facultative Reinsurance (OAR)
- Type
- Main code
- Supplemental codes
- Location
- Arnhem/Nijmegen
- Estimated value
- €0.00
No supplemental codes from buyer…