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South Carolina Materials Mgmt Ofc·South Carolina

REINSURANCE INTERMEDIARY SERVICES

Closes 12/11/2025$2.5M – $25MRequest for Proposal
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Description

The State Fiscal Accountability Authority, Office of State Procurement, on behalf of the South Carolina State Accident Fund (SAF), is seeking proposals from brokers qualified and licensed to assist the SAF in obtaining reinsurance coverage available within the marketplace. The SAF seeks to select one insurance broker to provide reinsurance program design, comprehensive risk management, and reinsurance market placement. The contract will be for a five-year term with no renewal options. The proposal should include the Offeror's qualifications, experience, and approach to meeting the requirements set out in the project overview. • The Offeror should have experience with projects of a similar size and/or scope, specifically as it relates to AASCIF clients and/or other governmental insurance pools. • The Offeror should provide information on their philosophy when it comes to reinsurance placement. • The Offeror should discuss their understanding of SAF's business operations and mission. • The Offeror should provide information on their approach to the needs of this particular account.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Jon Baysden(Procurement Officer)

[email protected]

(803) 896-5304

Key dates

Opened
10/10/2025
Questions due
11/6/2025
Pre-bid meeting
11/5/2025
Closes
12/11/2025
Projected award
3/16/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
5400028340

Budget estimate

$2,500,000 – $25,000,000

The budget for this contract is not explicitly stated, but based on the scope of work and the five-year term, it is likely to be a significant amount. The contract value could be in the range of $500,000 to $5 million per year, depending on the services provided and the level of expertise required. This estimate is based on industry standards for reinsurance intermediary services and the complexity of the project.

AI estimate from the solicitation

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