Insurance Broker Services

Award outcome

Description

Manchester Airports Group (MAG) is seeking a long-term Insurance Broker Partner. MAG operates within a complex commercial and regulatory environment and maintains a diverse and evolving risk profile. Effective insurance arrangements are essential to supporting operational continuity, financial resilience, and the MAGs wider strategic objectives. Key policies taken out by MAG annually include: • Property Damage and Business Interruption • Airport Owners and Operators Liability • Cyber • Motor • Employers Liability • Directors and Officers Liability • Engineering Inspection and Insurance • A portfolio of insurance for the CAVU business Insurance brokers play a critical role in advising on risk transfer strategy, insurance programme design, placement of cover, insurer engagement, and claims management. Given the specialist nature of these services and the importance of robust governance and market expertise, MAG requires access to suitably experienced, financially stable, and professionally accredited insurance brokers. MAGs current insurance brokerage arrangements are approaching expiry. In addition, ongoing changes within the insurance market, including pricing volatility, insurer capacity constraints, and increased regulatory and governance expectations, necessitate a formal competitive procurement process.

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