1.2. Pool Re is seeking to appoint a minimum of two (2) Tenderers and a maximum of four (4) for the provision of IT & Cyber Security Support Services, specified into four (4) Lots of service provision, of which Lots 1, 2 and 4 may be awarded as single or multiple Lots, and Lot 3 which may only be bid for as a single lot in total, i.e., not in combination with any of the other lots:
• Lot 1 – Managed Support Services Provider (MSP)
• Lot 2 – Software and Licenses
• Lot 3 – Managed Security Operations Centre as a Service (SOCaaS)
• Lot 4 – Internet Service Provider (ISP)
Pool Re Solutions are looking to procure services for the assessment and analysis of blast, to support the delivery of PML studies for the insurance industry.
The objective of a PML is to model credible, worst case scenarios for stakeholders, enabling informed decision-making and aid understanding of potential financial impacts in event of an attack.
A PML involves a risk-based identification of threat scenarios and modelling of blast overpressures through 2D desktop or 3D Computational Fluid Dynamic (CFD) blast modelling. Following analysis of the expected blast, calculations of building damage percentage and likely reconstruction / downtime, and Business Interruption (BI) costs are provided to inform the credible worst case costs, ensuring clients are able to make informed decisions regarding their risk management and risk finance.
Pool Re is seeking to appoint a broker for the provision of Insurance Brokerage services.
The Broker will have the requisite subject matter and market knowledge of the insurance services sector to lead in placing Pool Re’s insurance policies with insurance providers.
Pool Re requires cover to be placed across a range of insurance policies to include:
Professional Indemnity
Directors and Officers’ Insurance
Crime
Cyber
Commercial Combined
Insurance policies held for the provision of employee benefits are out scope for this requirement.
The primary function of Pool Re is to pay eligible claims to its members (“Members”) following a terrorism event. To ensure that Pool Re performs its role in an accurate, timely and cost- effective manner and to prevent any reputational damage, Pool Re must be ready to respond to incidents as they occur, whether it is a small, isolated incident or a catastrophic event.
Should a large loss event occur, the volume of claims and referrals that would be received from Pool Re Members would be extremely large.
To ensure that the claims and referrals are reviewed promptly, there may be a requirement for additional loss adjusting resource at Pool Re, subject to the size of the relevant loss event.
If required, the additional resource provided by the Supplier will assist the Pool Re Claims Manager in reviewing claims above individual Members’ Large Loss limits, review, collate and calculate the erosion of Members’ retentions and ensure the service provided to Members and other stakeholders is of the highest standard.
Pool Re is looking for up to 2 providers with proven ability in providing innovative non-traditional solutions and accessing broader capital market solutions to enhance the traditional retrocession protections currently placed for Pool Re by Guy Carpenter.
In addition, the successful providers(s) would introduce and advocate Pool Re to additional capital markets to those we already have an existing relationship with via our current intermediary.
Capital Market provider(s) will work alongside any incumbent intermediaries currently used by Pool Re and they will not encroach on the services already provided by them.
Capital Market provider(s) must be able to evidence market leading experience in the provision of the services.
Capital Market provider(s) should be able to demonstrate a unique perspective on the ILS marketplace and the ability to provide advice to Pool Re.
Capital Markets provider(s) must be able to evidence strong relationships with Capital Market investors and give actual examples of successful placements they have made.
Additional information: In order to access the opportunity please access Pool Re's eSourcing Portal http://poolre.ukp.app.jaggaer.com/ and complete the Supplier Registration
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Pool Re is looking for up to 2 providers with proven ability in providing innovative non-traditional solutions and accessing broader capital market solutions to enhance the traditional retrocession protections currently placed for Pool Re by Guy Carpenter.
Additionally, Pool Re may require, in its absolute discretion, the supplier to provide additional related services and/or expand services during the lifetime of the contract in order to meet future changes in demands/needs or new initiatives. Any modification in respect of additional / expanded services shall be in accordance with the requirements of Regulation 72 of the Public Contracts Regulations 2015.
The company has a fund of c.£6.8bn, split across two custodians, £5.3bn in the primary global custodian and £1.5bn in the secondary global custodian. This tender will be for the primary global custodian only. The £5.3bn fund is invested across a diversified portfolio of global assets including corporate and government fixed income, mutli-asset credit, equites, mutual funds, private equity and derivatives.