Type of procedure: Competitive Procedure with Negotiation.

Torus reserves the right to award the contract on the basis of the initial tenders without conducting negotiations.

Contract documentation is available in electronic format from a secure site. Please contact: chris.gibbs@gibbslaidler.co.uk for the URL and access details.

Torus invites tenders to provide insurance services.

Insurance services may involve insurance broking, insurance underwriting or a combination of both. The term is intended to include the arrangement, placing and administration of insurance policies, as well as claims settlement and administration, risk management services and any other insurance related services.

The minimum requirements for this procurement are as follows:

— Appropriate insurance protection for the assets, earnings and liabilities of Torus,

— Appropriate claims handling arrangements for all types of losses, with appropriate recording and systems for the provision of meaningful management information,

— Appropriate and effective risk management services, including training and systems for the control and reduction of exposures and losses.