FOI request detail

Request Bank & Insurance providers

Request ID: FOI-1590-2425
Date published: 10 September 2024

You asked

1. The names of all banking providers that this institution has used in the past two financial years (1st April 2022 – 1st April 2024). 2. The services that were used from the above banking providers in the past two financial years (1st April 2022 – 1st April 2024). Banking provider refers to: an institution that deals in money and its substitutes which provides money-related services including but not limited to accepting deposits, making loans and providing credit card services. 3. The name of the insurance company or companies that currently provide [name of body] with the following types of insurance coverage: a. Employers’ liability insurance b. Public liability insurance c. Professional indemnity insurance d. Officials Indemnity e. Business Interruption f. Property Owners g. Personal Accident h. Casualty j. Motor/Vehicle k. Fine Art l. Property m. Event n. Travel o. Crime p. Terrorism q. Excess Liability 4. Any other type of insurance not listed above - please provide the name of the company together with the type of the insurance cover 3. The start and end dates of the current insurance contract(s) for each type of insurance coverage listed above

We answered

TfL Ref: FOI-1590-2425

 

Thank you for your request which we received on 13 August 2024, asking for information about banking providers and insurance companies.

 

Your request has been considered in accordance with the requirements of the Freedom of Information Act and our information access policy.  I can confirm that we hold the information you require. You specifically asked: 

 

  1. The names of all banking providers that this institution has used in the past two financial years (1st April 2022 – 1st April 2024).  

 

HSBC, CCLA and Abrdn. CCLA and Abrdn are investment managers. 

 

  1. The services that were used from the above banking providers in the past two financial years (1st April 2022 – 1st April 2024). 

 

Investment management and general banking services e.g., direct debits and current account. 

 

  1. The name of the insurance company or companies that currently provide [name of body] with the following types of insurance coverage: 

a. Employers’ liability insurance

b. Public liability insurance

c. Professional indemnity insurance

d. Officials Indemnity

e. Business Interruption

f. Property Owners

g. Personal Accident

h. Casualty

j. Motor/Vehicle

k. Fine Art

l. Property

m. Event

n. Travel

o. Crime

p. Terrorism

q. Excess Liability

 

Please see this information listed in the below table. 

 

Policy

Insurer

Employers' liability insurance

QBE UK Limited 

Public liability insurance

QBE UK Limited 

Professional indemnity insurance

QBE UK Limited 

Officials’ indemnity*^

Liberty Mutual Insurance Europe SE

Business Interruption

Self-insured

Property Owners

London Transport Insurance (Guernsey) Ltd

Personal Accident

RSA

Casualty

QBE UK Limited 

Motor/Vehicle

QBE UK Limited 

Fine Art^

Hamilton Syndicate

Property 

London Transport Insurance (Guernsey) Ltd

Event

Not insured

Travel

Royal and Sun Alliance Insurance plc 

Crime^

Royal and Sun Alliance Insurance plc 

Terrorism

PoolRe

Excess Liability**^

Royal and Sun Alliance Insurance plc 

 

* We assume you mean Directors' and Officers' Liability

 

** We assume you mean Excess Public and Products Liability

 

  1. Any other type of insurance not listed above - please provide the name of the company together with the type of the insurance cover

 

Construction All Risks

Liberty Mutual Insurance Europe SE

Cycle Hire - Public Liability 

QBE UK Limited 

DLR Pension Trustees Liability^

Liberty Mutual Insurance Europe SE

Marine Hull and Machinery

Beazley Syndicate 2623/623

Marine P&I

The Shipowners Mutual Protection and Indemnity Associate 

Tenanted Properties - Deductible Infill

Aspen Insurance UK Ltd

Tenanted Properties Terrorism

PoolRe

TFL Pension Trustees Liability^

Liberty Mutual Insurance Europe SE

 

^ Indicates the policy is underwritten by multiple insurers. We have included details of the lead insurer that leads the placement.

 

3. The start and end dates of the current insurance contract(s) for each type of insurance coverage listed above

 

All policies commenced on 1 July 2024 and expire on 31 June 2025.

 

If this is not the information you are looking for, or if you are unable to access it for any reason, please do not hesitate to contact me.

 

Please see the attached information sheet for details of your right to appeal as well as information on copyright and what to do if you would like to re-use any of the information we have disclosed. 

 

Yours sincerely

 

Eva Hextall 

FOI Case Management Team

General Counsel

Transport for London

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