Tender regarding contracts for reinsurance brokerage services

The Contracting Entity is Denmark’s export credit agency as well as national promotional bank and provides a single point of access for Danish companies in need of risk-tolerant government capital. The Contracting Entity offers a range of financial solutions for Danish companies and their foreign customers and business partners, as …

CPV: 66000000 Serviços de finanças e seguros
Local de execução:
Tender regarding contracts for reinsurance brokerage services
Local de premiação:
The Export and Investment Fund of Denmark
Número do prémio:

1. Buyer

1.1 Buyer

Official name : The Export and Investment Fund of Denmark
Legal type of the buyer : Body governed by public law
Activity of the contracting authority : Economic affairs

1.1 Buyer

Official name : EKF Denmark's Export Credit Agency
Legal type of the buyer : Body governed by public law
Activity of the contracting authority : Economic affairs

2. Procedure

2.1 Procedure

Title : Tender regarding contracts for reinsurance brokerage services
Description : The Contracting Entity is Denmark’s export credit agency as well as national promotional bank and provides a single point of access for Danish companies in need of risk-tolerant government capital. The Contracting Entity offers a range of financial solutions for Danish companies and their foreign customers and business partners, as well as making investments in startups and funds focused on innovation and technology. Subject to country assessment in connection with specific projects, the Contracting Entity can provide coverage all over the world and can at the time of writing enter into finance transactions with a duration corresponding to the construction period plus an additional 22 years for repayment. This part of the Contracting Entity’s portfolio consists of medium- and long-term loans and guarantees covering commercial and/or political risks with private and public debtors in different countries. As an essential part of the Contracting Entity’s capital and risk management strategy, an active portfolio management policy is pursued. This policy encompasses inter alia continuous monitoring of portfolio risk as well as transfer of risks. For the export credit business, the transfer of risks is primarily achieved through the placement of insurance and reinsurance in private markets via reinsurance brokers.
Procedure identifier : 66d4698c-a4ce-47d5-b952-1eedf8c14141
Previous notice : dc24ed2f-706d-41d3-bcf0-69f55dd38e6b-01
Type of procedure : Open
The procedure is accelerated : no

2.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66000000 Financial and insurance services

2.1.2 Place of performance

Anywhere

2.1.3 Value

Estimated value excluding VAT : 9 310 000 Euro

2.1.4 General information

Additional information : The estimated contract value is based on nominel values with a payment schedule of up to 7+25 years (number of underwriting years + term of (re)insured policies).
Legal basis :
Directive 2014/24/EU

5. Lot

5.1 Lot technical ID : LOT-0001

Title : Treaty Reinsurance Brokerage Services Contract
Description : Lot 1 constitutes the Contract regarding brokerage services related to reinsurance of the Contracting Entity’s guarantee and loan portfolio under treaty programmes. A treaty reinsurance agreement is typically entered into with a panel of reinsurers for an underwriting period of 1 year and with a cover period of up to 20 years, but with a possibility to ask for special acceptance of cover of construction period plus 22 years of repayment. A treaty reinsurance programme will be a structured product under terms that will vary for each treaty reinsurance agreement depending among others on the Contracting Entity’s budget and project forecast. A minimum accepted rating of the Reinsurers would be S&P A- or similar combined with an acceptable equity level. Currently, the Contracting Entity seeks treaty reinsurance for the following classes of business, which might be changed through the term of the lot: - Project finance guarantees (commercial and political risk), - Buyers credit guarantees (commercial and/or political risk), - Investment guarantees (political risk), - Export loans (commercial and political risk) (through internal export loan guarantee policy that in the future might be issued by EKF). - Supplier Credit Guarantee Covering Deferred Payments (commercial and political risk) - Guarantees for surety bonds (commercial and political risk).
Internal identifier : 2024-77423

5.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66000000 Financial and insurance services

5.1.2 Place of performance

Anywhere
Additional information :

5.1.3 Estimated duration

Duration : 24 Month

5.1.4 Renewal

Maximum renewals : 5
Other information about renewals : The Reinsured has a right to extend the Contract with up to 5 years, one year at a time, on unchanged terms and conditions.

5.1.5 Value

Estimated value excluding VAT : 7 560 000 Euro

5.1.6 General information

Procurement Project not financed with EU Funds.
The procurement is covered by the Government Procurement Agreement (GPA) : yes

5.1.7 Strategic procurement

5.1.10 Award criteria

Criterion :
Type : Price
Name : Price
Description : Calculated Price = the average of expected reinsurance premium during a 5-year term of the lot x minimum expected total deduction percentage x the total brokerage fee percentage offered by the tenderer i.e.: Calculated Price = EUR 400,000,000 x 27 % x [the total brokerage fee percentage offered by the tenderer]
Category of award threshold criterion : Weight (percentage, exact)
Award criterion number : 40
Criterion :
Type : Quality
Name : Quality
Description : The quality of the tenderer’s proposed treaty reinsurance brokerage services is based on the following sub-criteria: • Organisation & staff (45%) • Advisory process (35%) • Market monitoring and reporting (20%)
Category of award threshold criterion : Weight (percentage, exact)
Award criterion number : 60

5.1.15 Techniques

Framework agreement :
No framework agreement
Information about the dynamic purchasing system :
No dynamic purchase system

5.1.16 Further information, mediation and review

Review organisation : Klagenævnet for udbud
Information about review deadlines : N/A
Organisation providing more information on the review procedures : Konkurrence- og Forbrugerstyrelsen
Organisation whose budget is used to pay for the contract : The Export and Investment Fund of Denmark
Organisation executing the payment : The Export and Investment Fund of Denmark
Organisation signing the contract : The Export and Investment Fund of Denmark EKF Denmark's Export Credit Agency

5.1 Lot technical ID : LOT-0002

Title : Facultative Reinsurance Brokerage Services Contract
Description : Lot 2 constitutes the Contract regarding brokerage services related to facultative (re)insurance of the Contracting Entity’s guarantee and loan portfolio. A typical example of a facultative (re)insurance agreement on a single transaction would cover the Contracting Entity for the full term of the loan or the guarantee, which for a project finance transaction may include a construction period plus 22 years of repayment. However, cover periods between 10 and 15 years may as an exception be accepted in specific cases. The cover would typically be back-to-back quota share (re)insurance based on standard market terms. A minimum accepted rating of the reinsurers would be A- or similar combined with an acceptable equity level. Currently, the Contracting Entity seeks facultative (re)insurance for the following products, which might be changed through the term of the lot: - Project finance guarantees (commercial and political risk), - Buyers credit guarantees (commercial and/or political risk), - Investment guarantees (political risk), - Funding guarantees (commercial and political risk), - Export loans (commercial and political risk). - Guarantees for surety bonds (commercial and political risk).

5.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 66000000 Financial and insurance services

5.1.2 Place of performance

Anywhere
Additional information :

5.1.3 Estimated duration

Duration : 24 Month

5.1.4 Renewal

Maximum renewals : 5
Other information about renewals : The Reinsured has a right to extend the Contract with up to 5 years, one year at a time, on unchanged terms and conditions.

5.1.5 Value

Estimated value excluding VAT : 1 750 000 Euro

5.1.6 General information

Procurement Project not financed with EU Funds.
The procurement is covered by the Government Procurement Agreement (GPA) : yes

5.1.7 Strategic procurement

5.1.10 Award criteria

Criterion :
Type : Price
Name : Price
Description : Calculated Price = Average of expected reinsurance premium during a 5-year term of the lot x minimum expected total deduction percentage x the total brokerage fee percentage offered by the tenderer i.e.: Calculated Price = EUR 100,000,000 x 25% x [the total brokerage fee percentage offered by the tenderer]
Category of award threshold criterion : Weight (percentage, exact)
Award criterion number : 40
Criterion :
Type : Quality
Name : Quality
Description : The quality of the tenderer’s proposed facultative (re)insurance brokerage services is based on the following sub-criteria: • Organisation & staff (45%) • Advisory process (35%) • Market monitoring and reporting (20%)
Category of award threshold criterion : Weight (percentage, exact)
Award criterion number : 60

5.1.15 Techniques

Framework agreement :
No framework agreement
Information about the dynamic purchasing system :
No dynamic purchase system

5.1.16 Further information, mediation and review

Review organisation : Klagenævnet for udbud
Information about review deadlines : N/A
Organisation providing more information on the review procedures : Konkurrence- og Forbrugerstyrelsen
Organisation whose budget is used to pay for the contract : The Export and Investment Fund of Denmark
Organisation executing the payment : The Export and Investment Fund of Denmark
Organisation signing the contract : EKF Denmark's Export Credit Agency The Export and Investment Fund of Denmark

6. Results

Value of all contracts awarded in this notice : unpublished
Justification code : Commercial interests of an economic operator
Date of when this will be published : 01/08/2032

6.1 Result lot ldentifier : LOT-0001

At least one winner was chosen.

6.1.2 Information about winners

Winner :
Official name : Arthur J Gallagher Nordic AB
Tender :
Tender identifier : Tender regarding contracts for reinsurance brokerage services
Identifier of lot or group of lots : LOT-0001
Value of the tender : unpublished
Justification code : Commercial interests of an economic operator
Justification for publishing later : Commercial interests of the tenderer.
Date of when this will be published : 01/08/2032
Subcontracting : unpublished
Justification code : Commercial interests of an economic operator
Justification for publishing later : Commercial interests of the tenderer.
Date of when this will be published : 01/08/2032
Contract information :
Identifier of the contract : Lot 1: Treaty Reinsurance Brokerage Services Contract
Date on which the winner was chosen : 23/06/2025
Date of the conclusion of the contract : 31/07/2025
Organisation signing the contract : The Export and Investment Fund of Denmark EKF Denmark's Export Credit Agency

6.1.4 Statistical information

Summary of the review requests the buyer received :
Number of complainants : 0
Received tenders or requests to participate :
Type of received submissions : Tenders
Number of tenders or requests to participate received : 5

6.1 Result lot ldentifier : LOT-0002

At least one winner was chosen.

6.1.2 Information about winners

Winner :
Official name : Aon Denmark A/S
Tender :
Tender identifier : Tender regarding contracts for reinsurance brokerage services
Identifier of lot or group of lots : LOT-0002
Value of the tender : unpublished
Justification code : Commercial interests of an economic operator
Date of when this will be published : 01/08/2032
Subcontracting : unpublished
Justification code : Commercial interests of an economic operator
Date of when this will be published : 01/08/2032
Contract information :
Identifier of the contract : Lot 2: Facultative Reinsurance Brokerage Services
Date on which the winner was chosen : 23/06/2025
Date of the conclusion of the contract : 18/07/2025
Organisation signing the contract : EKF Denmark's Export Credit Agency The Export and Investment Fund of Denmark

6.1.4 Statistical information

Summary of the review requests the buyer received :
Number of complainants : 0
Received tenders or requests to participate :
Type of received submissions : Tenders
Number of tenders or requests to participate received : 5

8. Organisations

8.1 ORG-0001

Official name : The Export and Investment Fund of Denmark
Registration number : 43478206
Postal address : Haifagade 3
Town : Nordhavn
Postcode : 2150
Country subdivision (NUTS) : Byen København ( DK011 )
Country : Denmark
Contact point : Jonas Brandt
Telephone : 20814653
Internet address : https://eifo.dk/
Roles of this organisation :
Buyer
Group leader
Organisation signing the contract
Organisation whose budget is used to pay for the contract
Organisation executing the payment

8.1 ORG-0002

Official name : Klagenævnet for udbud
Registration number : 37795526
Postal address : Toldboden 2
Town : Viborg
Postcode : 8800
Country subdivision (NUTS) : Vestjylland ( DK041 )
Country : Denmark
Contact point : Klagenævnet for udbud
Telephone : +45 72405708
Information exchange endpoint (URL) : https://erhvervsstyrelsen.dk/klagenaevnet-for-udbud
Roles of this organisation :
Review organisation

8.1 ORG-0003

Official name : Konkurrence- og Forbrugerstyrelsen
Registration number : 10294819
Postal address : Carl Jacobsens Vej 35
Town : Valby
Postcode : 2500
Country subdivision (NUTS) : Byen København ( DK011 )
Country : Denmark
Contact point : Konkurrence- og Forbrugerstyrelsen
Telephone : +45 41715000
Information exchange endpoint (URL) : https://www.kfst.dk
Roles of this organisation :
Organisation providing more information on the review procedures

8.1 ORG-0004

Official name : EKF Denmark's Export Credit Agency
Registration number : 30763777
Postal address : Haifagade 3
Town : Nordhavn
Postcode : 2150
Country subdivision (NUTS) : Byen København ( DK011 )
Country : Denmark
Contact point : Jonas Brandt
Telephone : 20814653
Roles of this organisation :
Buyer
Organisation signing the contract

8.1 ORG-0005

Official name : Arthur J Gallagher Nordic AB
Size of the economic operator : Large
Registration number : 556418-5014
Postal address : Mölndalsvägen 22,
Town : Göteborg
Postcode : 412 63
Country subdivision (NUTS) : Västra Götalands län ( SE232 )
Country : Sweden
Contact point : Louise Heal
Telephone : +44 7789 944 624
Roles of this organisation :
Tenderer
Winner of these lots : LOT-0001

8.1 ORG-0006

Official name : Aon Denmark A/S
Size of the economic operator : Large
Registration number : 73548519
Postal address : Århusgade 118
Town : Nordhavn
Postcode : 2150
Country subdivision (NUTS) : Byen København ( DK011 )
Country : Denmark
Contact point : Carsten Christoffersen
Telephone : 28711876
Roles of this organisation :
Tenderer
Winner of these lots : LOT-0002

8.1 ORG-0007

Official name : Mercell Holding ASA
Registration number : 980921565
Postal address : Askekroken 11
Town : Oslo
Postcode : 0277
Country subdivision (NUTS) : Oslo ( NO081 )
Country : Norway
Contact point : eSender
Telephone : +47 21018800
Fax : +47 21018801
Internet address : http://mercell.com/
Roles of this organisation :
TED eSender

Notice information

Notice identifier/version : bbdab4ea-013e-4057-852f-207dd7f5ee99 - 01
Form type : Result
Notice type : Contract or concession award notice – standard regime
Notice dispatch date : 01/08/2025 09:00 +00:00
Notice dispatch date (eSender) : 01/08/2025 09:11 +00:00
Languages in which this notice is officially available : English
Notice publication number : 00507686-2025
OJ S issue number : 147/2025
Publication date : 04/08/2025