D&O Excess Insurance
About This Opportunity
D&O-Exzedenten-Versicherungen — services contract awarded in Germany by NBank. Awarded to Berkshire Hathaway International, Apr 2026.
This is a services contract in the finance and banking and security and defense sectors. Located in Germany, Europe, this opportunity is open to firms and consortiums, with an estimated budget of EUR 436,276.
Published through DÖE Bekanntmachungsservice (Germany), a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
Auto-translated from GermanD&O excess insurance with a sum insured of EUR 10 million each.
The insurer provides insurance cover in the event that insured persons are held liable for financial loss due to a breach of duty committed in the performance of the insured activity. The excess insurance policies advertised here are intended to follow on from a primary policy with a sum insured of EUR 10 million each. The excess insurance policies are intended to provide insurance cover following the form of the primary policy's regulations and a drop-down via corresponding excess terms and conditions. The coverage structure is as follows: Existing primary policy (D&O insurance): EUR 10 million Lot 1: EUR 10 million xs. EUR 10 million (Layer 1) Lot 2: EUR 10 million xs. EUR 20 million (Layer 2) Lot 3: EUR 10 million xs. EUR 30 million (Layer 3) Total sum insured (existing primary policy, Layer 1, Layer 2, Layer 3): EUR 40 million Contract details can be found in the documents "Police des Grundvertrags mit Besonderen Be-dingungen", "Bedingungen Grundvertrag (2025 DUAL-Funk ManagementSecure)" and "Funk D&O-Excedenten Wording" from the appendix.
Data provenance
This notice is sourced from DÖE Bekanntmachungsservice (Germany) and was originally published on May 4, 2026. Last refreshed 2 days ago. Original language: German. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About NBank
NBank has issued 16 procurement notices on BidsFactory, including 2 currently open and 11 awarded contracts. Activity concentrates in Information & Communication Technology, Finance & Banking, and General Supplies & Services. All notices are published for Germany. Notices are distributed via TED - Tenders Electronic Daily (EU) and DÖE Bekanntmachungsservice (Germany). Most recent publication: June 18, 2026.
Frequently asked questions about this tender
Is this tender still open?
No — the contract has already been awarded to Berkshire Hathaway International insurance; XL Insurance Company SE, Diretktion für Deutschland; AIG Europe S.A., Direktion für Deutschland. The award notice is archived on BidsFactory for transparency and market intelligence.
Who is the contracting authority?
This notice was issued by NBank in Germany. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
What is the estimated budget?
The estimated contract value is Up to €436,276. Bidders should ensure their proposals are consistent with this range and account for any local taxes and contract execution costs.
Where will the contract be performed?
The contract is for delivery in Germany. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit DÖE Bekanntmachungsservice (Germany) to access the full notice, required documents, and submission instructions provided by the contracting authority.
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