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Manchester Airports Group (MAG) is seeking a long-term Insurance Broker Partner.
MAG operates within a complex commercial and regulatory environment while maintaining a diverse, evolving risk profile. Effective insurance arrangements are essential to supporting operational continuity, financial resilience, and MAGs wider strategic objectives.
Key policies taken out by MAG annually include:
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.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| WILLIS LIMITED | 00181116 | £3,000,000 | 1 lot Lot 1 | - |
Taken from this notice, not from Companies House. Check the original notice — details change and are not updated here.
This procurement was divided into 1 lots, each awarded separately. 4 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 Nov 2026 – Oct 2031 | £3,000,000 | 4 | pending |
Weightings from the notice.
Government spending data: This supplier has received £89,341,097 in 781 payments (over £25k) from Department for Transport, Ministry of Defence, Department for Education, UK Export Finance, DEFRA and 12 more public bodies (2010-06-14 to 2026-07-07). View full payment history →