Reinsurance brokerage services for Land Bank.
Land Bank
In plain English
The Land Bank is seeking to appoint a reinsurance broker to provide brokerage services to Insurance SOC LTD for five years. Bidders must notify the Land Bank Supply Chain Department of their intention to tender and provide details including CSD registration number and B-BBEE level.
Always check the official documentDescription
The Land and Agricultural Development Bank of South Africa (Land Bank) is seeking a reinsurance broker to provide professional brokerage services for a five-year period, from 1 July 2027 to 30 June 2032. The work involves acting as a strategic partner for the Land Bank Insurance Company (LBIC) by providing risk assessment, actuarial analytics, market access, claims advocacy, and technical accounting support. The broker will also be responsible for capacity building and training LBIC staff. The project requires expertise in crop insurance, as the Land Bank holds a significant share of the South African crop insurance market. Interested parties must attend a non-compulsory briefing session via Microsoft Teams on 11 November 2026. The final deadline for proposal submissions is 1 December 2026 at 11:00 am. Bidders must provide a comprehensive proposal that includes technical support, placement services, and financial accounting expertise.
What you need to qualify
- CSD registration — Registration on the Central Supplier Database — required to do business with government.
- Tax clearance — A valid SARS tax compliance status (PIN) showing your tax affairs are in order.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Valid Financial Services Provider (FSP) license for reinsurance advisory services
- Professional Indemnity Insurance with minimum R10,000,000.00 cover
- Minimum 5 years experience in crop reinsurance with R200 million in premiums
- Registration on the National Treasury Central Supplier Database (CSD)
- Valid Tax Compliance status
Contact & how to apply
Name: S Mthombeni
Email: tenders@landbank.co.za
Phone: 012-686-0500
How to apply: Interested bidders must email their intent to bid to Tenders@landbank.co.za. Proposals must be hand-delivered to the Land Bank Head Office, Tender Box, Lakefield Office Park, Block A, 1st Floor, 272 West Avenue, Die Hoewes, Centurion, by 1 December 2026 at 11:00 am.
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