Reinsurance Coverage for NICL Non-Marine CAT XOL Treaty by Pakistan Reinsurance Company

Pakistan Reinsurance Company Limited, under the Ministry of Commerce, is inviting international bids for the procurement of reinsurance coverage for NICL Non-Marine Catastrophe Excess of Loss (CAT XOL) Treaty on a Most Probable Loss (MPL) basis. This is a non-consultancy service procurement conducted as an international tender using a single stage, one envelope bidding process. The tender is classified as non-marine catastrophe reinsurance services with specific treaty structure requirements as detailed in the bidding document. The procurement is being handled from the PRC headquarters located in Karachi, Sindh Province, with the Procurement Specialist managing the tender process. Eligible bidders must be established reinsurance companies or reinsurance syndicates with recognized financial standing and technical capability in catastrophe risk underwriting and reinsurance placement services.

Bidders are required to submit comprehensive technical and financial proposals demonstrating their capacity to provide reinsurance coverage for the specified treaty with adequate capitalization and claims-paying ability. The bid must include a Bid Securing Declaration and be accompanied by an executed Integrity Pact. All bids must conform to the technical specifications and service requirements outlined in the Standard Bidding Document, including compliance with financial evaluation criteria and technical evaluation standards for reinsurance service providers. Only bidders meeting the eligibility criteria and contractual obligations shall be considered for evaluation.

The complete Standard Bidding Document including the treaty structure, scope of work, price schedule, general and special conditions of contract, performance guarantee requirements, and all procurement forms is available for review. Interested bidders should obtain the tender document and submit their sealed bids by 25 June 2026. For further information, queries, and bid submission, bidders may contact the Procurement Specialist at Pakistan Reinsurance Company Limited, PRC Towers, 32-A, Lalazar Drive, M.T Khan Road, Karachi, via telephone at +92-300-699-8576 or email at aghafoor@pakre.org.pk.