Reinsurance Coverage for Non-Marine (Fire & Engineering) Excess of Loss Treaty (Main Program)

The Pakistan Reinsurance Company Limited (PRCL), under the Ministry of Commerce, Karachi, is procuring reinsurance coverage for the Non-Marine (Fire & Engineering) Excess of Loss Treaty (Main Program) for the financial year 2025-26. This procurement is critical for managing the reinsurance risk exposure of PRCL in the fire and engineering sectors across Pakistan. The technical scope involves the provision of non-consultancy services related to reinsurance coverage with a treaty limit of PKR 3.6 billion and a treaty deductible/excess of PKR 400 million. The coverage is structured in multiple layers with specified limits and retention, requiring bidders to be international (re)insurance brokers with a minimum annual premium placement volume of USD 500 million. Bidders must submit firm quotes without any conditional discounts or subjectivities, and the lead reinsurer must have a minimum rating of 'A' by recognized agencies such as S&P, AM Best, Moody's, or Fitch. Eligibility criteria include valid registration on EPADS v2.0, compliance with FBR/ATL requirements, and submission of valid professional indemnity policies. Joint ventures are not allowed. The procurement follows a Single Stage-Two Envelope procedure with Least Cost Based Selection (LCBS) technique. Bids must be submitted electronically via EPADS v2.0 by the deadline of **May 14, 2026, 11:00 AM**. Manual submissions are not accepted. The bid security must be submitted in the form of a bank guarantee or bid securing declaration. A practical tip for bidders is to ensure timely registration on EPADS v2.0 and to upload all required documents correctly, including the signed and stamped quotation slip from the lead reinsurer, to avoid disqualification. Also, bidders should maintain clear communication between the international broker and local affiliate to comply with PRCL's correspondence requirements. This tender represents a significant opportunity for qualified international brokers to partner with PRCL in managing Pakistan's reinsurance risks in the fire and engineering sectors with a contract value of approximately **PKR 15 million**.