University of Minnesota Ionwave #10001.2122519.JST Addendum 1

Award for Captive Management Services for RUMINCO Ltd. (University of Minnesota)

This opportunity involves the procurement of captive management services for RUMINCO Ltd., the University of Minnesota's Bermuda-based captive insurer. - Government Buyer: - Regents of the University of Minnesota (higher education sector) - OEMs and Vendors: - Willis Towers Watson (awarded vendor) - Products/Services Requested: - Captive management services for RUMINCO Ltd. - No part numbers or specific purchase quantities provided - Unique or Notable Requirements: - Services are for a captive insurer wholly owned by the University, insuring only University exposures - Strict adherence to submission process and compliance with amended response requirements - Review of specific supplier process documents required - OEM Highlight: - Willis Towers Watson is the awarded supplier for these professional insurance management services

Description

The Regents of the University of Minnesota owns RUMINCO Ltd., a Bermuda-based captive insurer that insures University exposures exclusively. RUMINCO requires local captive management services. The solicitation prohibits respondents from contacting the identified department during the RFP process. Respondents must review the Supplier Process and Information Attachment and all attributes before submitting questions. The submission deadline is firm, and late or erroneous submissions will be rejected.

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