National Highways has appointed five suppliers to its near-£75m Owner Controlled Insurance Programme (OCIP) that covers the insurance needs for the Lower Thames Crossing (LTC).
The contracts cover nine lots, which were divided among the following five suppliers:
- Contract 1: Allianz Global Corporate & Specialty – Lots 1 (Contractor All Risks, Primary public liability (£2.5m), Delay in Start Up and Terrorism) and 8 (Environmental liability limit £20m in excess of £10m [£40m in the aggregate]), total value of £65.25m
- Contract 2: QBE European Operations – Lots 2 (Excess public liability limit £22.5m in excess of £2.5m), 3 (Excess public liability limit £25m in excess of £25m) and 5 (Excess public liability limit £150m in excess of £100m), total value of £5.46m
- Contract 3: Liberty Specialty Markets – Lot 4 (Excess public liability limit £50m in excess of £50m), total value of £1.62m
- Contract 4: American International Group UK – Lots 6 (Excess public liability limit £250m in excess of £250m) and 7 (Environmental liability limit £10m [£20m in the aggregate]), total value of £1.509m
- Contract 5: HDI Global – Lot 9 (Environmental liability limit £20m in excess of £30m [£40m in the aggregate]), total value of £192,000
Each contract is expected to start on 1 December 2026 and run for seven years until 30 November 2033.
Full details of the contracts can be found here.
