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Awarded contract·The Metropolitan District·Connecticut

Insurance Broker Services

Won by Arthur J. Gallagher Risk Management Services$1MAwarded 3/2/2022Single Award
Contract source

Awarded vendors

  • Arthur J. Gallagher Risk Management Services

Description

The Metropolitan District (MDC) of Connecticut issued an RFP seeking an experienced insurance brokerage firm to manage and enhance its municipal insurance program and procure related services. The award was granted to Arthur J. Gallagher Risk Management Services. Key points include: • Scope of work: Provide brokerage services, policy administration, risk assessment, and procurement of insurance coverage for the District’s water and sewer operations. • Delivery: Proposals were due 22 Oct 2021; award announced 2 Mar 2022. • Procurement method: Full and open competition RFP (Bid Type: RFP) with no set‑aside restrictions.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
10/22/2021
Intent to award
3/2/2022
Awarded
3/2/2022

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
2021R-05

Contract value

$1,000,000

No contract value is disclosed. Municipal insurance programs for a utility of MDC’s size typically range from a few hundred thousand to several million dollars annually. Assuming the brokerage fee is based on a percentage of the premium (commonly 2‑5 %) and that the District’s total insurance premium is roughly $20 million, the broker’s fee could be between $400 k and $1 M. Therefore a reasonable ball‑park estimate for this contract is about $1 million.

AI estimate from the award documents

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