Insurance Broker Services
HS1 LIMITED (trading as London St. Pancras Highspeed)
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Key details
Procurement
- 66514130 Insurance related to Transport
- 66518000 Insurance brokerage and agency services
What happened
HS1 LIMITED (trading as London St. Pancras Highspeed) awarded this contract to Marsh Limited worth £35,600,000 on 11 Jun 2026. The contract runs until 30 Jun 2031.
Description
Under its Concession Agreement with the DfT, London St. Pancras Highspeed (LSPH) is required to source a range of insurance policies. These policies must provide levels of cover which are specified in Schedule 5 (pages 150 - 157) of the Concession Agreement, which is available on LSPH's website at https://stpancras-highspeed.
com/our-company/regulatory/regulatory-docs/ . LSPH is seeking to appoint an Insurance Broker to deliver its obligations at optimal cost, whilst minimising risk to LSPH. LSPH will be replacing its current Insurance Broker Services contract in July 2026.
The contract will be for 5 years with an option to extend up to 3 more years, to deliver the services, to be defined in more detail in the ITT stage of this procurement - for those suppliers that are successful in the initial PSQ stage. The successful tenderer will ensure that all the required policies are placed for the initial annual insurance renewal date, which is 14th November 2026, and subsequent years thereafter.
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External ID: fts-ocds-h6vhtk-06708b • Added 16 June 2026