The submission deadline has passed. The page is kept for reference. View active tenders →
Tender Details
Description / Scope of Work
Pakistan Reinsurance Company Limited (PAKRE), a Ministry of Commerce entity, is inviting international bids for the procurement of Non-Marine Catastrophe Excess of Loss (CAT XOL) Treaty insurance coverage for the private layer. This is a non-consultancy services procurement conducted through international competitive bidding using a single-stage two-envelope process. The tender covers reinsurance treaty placement for PRCL's non-marine catastrophe exposures, with specific focus on the 2025-26 private layer expiring contracts and CRESTA 2026-27 coverage. The procurement is based in Karachi, Sindh province, and encompasses technical and financial services related to insurance treaty structuring and placement.
Eligibility criteria require bidders to be internationally recognized reinsurance companies or insurance brokers with demonstrated expertise in non-marine catastrophe risk management and treaty placement. Bidders must possess valid professional licenses, maintain appropriate financial standing, and comply with all regulatory requirements. A bid securing declaration is mandatory, and qualified bidders are required to submit integrity pacts and performance guarantees as specified in the bidding documents. Technical and financial proposals must meet all evaluation matrix criteria outlined in the special conditions of contract.
The complete Standard Bidding Document is available for download from PAKRE's offices at PRC Tower, 32-A, Lalazar Drive, M.T. Khan Road, Civil Line Sub-Division, Karachi South. Bids must be submitted in two envelopes containing technical and financial components respectively. The deadline for bid submission is July 29, 2026. For further information, eligible bidders may contact the Procurement Specialist at +92-300-699-8576 or aghafoor@pakre.org.pk.