The subject of this award procedure is the excedent contracts in the area of D&O (lot 3) for the FMS-WM's D&O insurance program. Basic insurance D&O (lot 1) and basic insurance FIPI (lot 2) are advertised in the separate procurement procedure “D&O insurance program lot 1 and 2" and can be found on the e-procurement platform.

The FMS-WM is an organizationally and economically independent, partially legal institution under public law within the Federal Financial Market Stabilization Institute (FMSA). The FMS-WM plans to procure insurance for itself and its bodies as well as for the subsidiaries of the FMS-WM and its organs. Object of tender is structured property liability insurance for members of directors and officers insurance comprised of coordinated lots and property liability insurance for financial institutions (Financial Institutions Professional Indemnity, hereinafter referred to as “FIPI “) for the FMS World Cup and its subsidiaries with standard market coverage. Expiration date of previous policies is December 8, 2021.

The subject matter of tender is divided into three lots. Lot 1 describes basic insurance D&O and lot 2 concerns FIPI insurance. These two lots are advertised in the separate procurement procedure “D&O insurance program lot 1 and 2", which can also be found on the e-allocation platform. Lot 3 is advertised in the present separate procurement procedure “D&O insurance program lot 3" and includes the award of several excess insurance policies in excess 1 to excess 4. The mandatory requirement for all lots is the necessary continuity of existing insurance policies: The FMS-WM expects the bidders to take part in the to the existing continuity date as of August 6, 2010 (D&O area) for freedom from breaches of duty as of July 8, 2010.

This award procedure describes the conclusion of excedent insurance D&O (lot 3) with a total amount of EUR 60 million Please find more information in the application conditions.