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THE ExPORT AND INVESTMENT FUND OF DENMARK has floated a tender for Facultative Reinsurance Brokerage Services Contract. The project location is Denmark and the tender is closing on 22 Apr 2025. The tender notice number is 172444-2025, while the TOT Ref Number is 116332165. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Denmark
Summary : Facultative Reinsurance Brokerage Services Contract
Deadline : 22 Apr 2025
Other Information
Notice Type : Tender
TOT Ref.No.: 116332165
Document Ref. No. : 172444-2025
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : EUR 1750000
Purchaser's Detail
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Login to see detailsTender Details
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).
Doc Title: Facultative Reinsurance Brokerage Services Contract
Contract Type: services
Document Type: Contract Notice
Contract Type: services
Estimated Value: 1750000 - EUR
Authority Type: body-pl
Doc Title: Facultative Reinsurance Brokerage Services Contract
Dispatch Date: 2025-03-17
Publish Date: 2025-03-18
Submission Date: 2025-04-22
Documents
Procurement Documents for Denmark
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