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Tender Details
Description / Scope of Work
Pakistan Reinsurance Company Limited (PAKRE), operating under the Ministry of Commerce, invites international bids for procurement of Non-Marine Catastrophe Excess of Loss (CAT XOL) Treaty top layer insurance coverage. This is a non-consultancy service procurement conducted through a single stage two envelope bidding process. The tender is for securing reinsurance protection covering catastrophe risks for the non-marine portfolio of PAKRE. The scope encompasses the provision of professional reinsurance brokerage and underwriting services to structure and place appropriate XOL treaty protection at the top layer level. Interested bidders must submit their proposals to the address in Karachi, Sindh province, meeting all specified technical and financial requirements.
Eligibility criteria require bidders to be established and licensed reinsurance brokers or underwriting entities with demonstrated expertise in catastrophe excess of loss treaty placements. Bidders must provide evidence of technical capacity, professional qualifications, and experience in similar non-marine CAT XOL transactions. A bid securing declaration must be submitted with each bid to ensure compliance and good faith participation. Bidders are required to meet minimum financial thresholds and must provide performance guarantees as specified in the tender documents.
The complete bid documents and all related information are available from Pakistan Reinsurance Company Limited, PRC Tower, 32-A Lalazar Drive, M.T. Khan Road, Civil Line Sub-Division, Karachi South, Sindh. Bids must be submitted in sealed envelopes in accordance with the two envelope procedure, with technical evaluation preceding financial evaluation. For further information and clarification, interested parties may contact the Procurement Specialist at +92-300-699-8576 or aghafoor@pakre.org.pk. The bid opening will be conducted as per the schedule outlined in the bid data sheet.