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ed risks for the offshore related insurances. Per the submitted captive business plan, TenneT Re has the ability to retain up to €80m annually arising from claims within the primary €20m layer. TenneT Re is now seeking opportunities to transfer part of that €80m to the reinsurance market. In that respect TenneT Re is looking for an experienced, reliable, and highly professional reinsurance partner(s).   Tender Procedure TenneT is a "contracting entity" subject to the Public Procurement Act 2012. The notice for this Call for Competition will be published via tender platform Mercell Source-to-Contract to the Official Journal of the European Union available at http://ted.europa.eu. The Call for Competition will be based on the negotiated procedure with prior publication, which means that initially an interested market party may apply as a Candidate. Details on general tender procedure can be found in the document "Procedure Guidelines". Please note: TenneT reserves the right to directly award the contract to the initial tenderers on the basis of the published evaluation procedure without negotiations (§ 15 (4) SektVO). In that respect initial offers need to be binding.  Award Criteria "Price" / weighting: 50% "Technical Concept" / weighting: 50 % In order to protect the confidentiality of the in