Non-Marine CAT XOL Treaty Insurance Coverage Procurement by PAKRE

Pakistan Reinsurance Company Limited (PAKRE), operating under the Ministry of Commerce, invites international bids for the procurement of Non-Marine Catastrophe Excess of Loss (CAT XOL) Treaty insurance coverage for its Main Program. This is a non-consultancy services procurement conducted through an international single-stage two-envelope bidding process. The procurement covers reinsurance treaty services essential for PAKRE's catastrophe risk management and portfolio protection. The contract is being sourced from the private insurance and reinsurance sector to secure competitive excess of loss coverage. Bids are being accepted from eligible international reinsurance companies and brokers with proven experience in providing similar treaty reinsurance solutions.

Bidders must meet specified eligibility criteria including valid licensing as reinsurers or insurance brokers in their jurisdiction, demonstrated financial capacity, and technical expertise in catastrophe excess of loss treaty underwriting. A bid securing declaration is required from all participating bidders to ensure the integrity of the bidding process. Bidders should review the technical evaluation criteria and financial matrix detailed in the annexure to understand the assessment methodology. All bid documents and technical specifications are available in the procurement notice and accompanying forms.

Bid documents are available from Pakistan Reinsurance Company Limited at PRC Tower, 32-A, Lalazar Drive, M.T. Khan Road, Civil Line Sub-Division, Karachi, Sindh Province. Interested bidders should contact the Procurement Specialist at aghafoor@pakre.org.pk or phone +92-300-699-8576 for further information. Bids must be submitted in two separate envelopes (technical and financial) before the closing date of July 29, 2026. The bid opening will follow the submission deadline. Detailed instructions to bidders, eligibility criteria, technical specifications, scope of work, price schedules, and all contractual terms are included in this standard bidding document.