23/010 - Gas Networks Ireland Gas Infrastructure Insurance Broking Services

Description

GNI is undertaking a competitive tendering process, seeking to enter into a Framework Agreement with a sole provider to meet its requirements for the provision of GNI Gas Infrastructure Insurance Broking Services. It is intended that a single framework agreement will be awarded pursuant to this tender competition. In summary, this consists of the following cover: 1. Property damage in respect of assets with a value of approx. €3.6 Billion. 2. Business Interruption Insurance. 3. Public Liability Insurance with a limit of indemnity of €300 Million 4. Pollution and Product Liability with a limit of indemnity of €300 Million 5. Terrorism Insurance €250 Million. GNI wishes to discuss the level and conditions of the cover going forward with the short-listed Applicants as part of a competitive dialogue process to ensure that it achieves the optimal cover available at the best price in the current market for its infrastructure. However, applicants should assume that the 2023 Energy Insurance Package is indicative of the scope of insurance policies they will be required to place in 2024 when the policies forming the 2023 Energy Insurance Package expire. The scope of services also includes: - • Advise GNI as required on all insurance matters relating to the placing of policies relating to its infrastructure and business. • Review jointly with GNI the programme biannually to incorporate business and insurance market changes. • Provide insurance broking services as may be sought by GNI and its subsidiaries from time to time. • Claims Services to GNI in regard to GNI claims / recoveries against insurers. • Assist GNI in drafting relevant insurance/indemnity sections of contracts and/or other agreements in order to reflect the insurances applicable and the obligations of each party to contract. • Advise in respect of any other insurances that may be considered necessary on a contract-by contract basis. • Provide day to day service to GNI in respect of the servicing of this account. • Attend regular review meetings with GNI to continuously review policy coverage, placement strategy, claims performance and other improvement opportunities. • Ensure that the Insurers continue to satisfy the criteria applied as part of their selection, in particular with regard to credit rating.

Links & Documents

Similar contracts