Issue - meetings
Insurance Tender Evaluation and Recommendations
Meeting: 10/12/2024 - Cabinet (Item 93)
93 Insurance Tender Evaluation and Recommendations 
PDF 143 KB
Additional documents:
- Appendix A - Outcome of Insurance Tender, item 93
PDF 120 KB
- Webcast for Insurance Tender Evaluation and Recommendations
Decision:
RESOLVED that:
A Cabinet noted the outcome of the insurance tender process for the council’s main insurance programme as detailed in Appendix A to the report.
B Authority is delegated to Assistant Director – Finance (Section 151 Officer) in consultation with Portfolio Holder for Finance to make final contract awards following the outcomes of minor clarifications, which are not expected to materially affect the evaluation.
C Cabinet noted that Arthur J Gallagher will be retained as insurance brokers for the duration of the Long-Term Agreement.
D Quoted premiums be subject to review based on claims experience as 28 February 2025 and any portfolio changes since submission of the ITT. If the council exercises its right under the ITT to seek revised terms from unsuccessful tenderers, award of contract is delegated be Assistant Director – Finance (Section 151 Officer) in consultation with Portfolio Holder for Finance.
Minutes:
Cabinet received a report on insurance tender evaluations.
Councillor Saggers would be provided with a written answer on any changes to insurance related to cyber security.
Proposed by Councillor Dan Swords (seconded by Councillor David Carter) it was:
RESOLVED that:
A Cabinet noted the outcome of the insurance tender process for the council’s main insurance programme as detailed in Appendix A to the report.
B Authority is delegated to Assistant Director – Finance (Section 151 Officer) in consultation with Portfolio Holder for Finance to make final contract awards following the outcomes of minor clarifications, which are not expected to materially affect the evaluation.
C Cabinet noted that Arthur J Gallagher will be retained as insurance brokers for the duration of the Long-Term Agreement.
D Quoted premiums be subject to review based on claims experience as 28 February 2025 and any portfolio changes since submission of the ITT. If the council exercises its right under the ITT to seek revised terms from unsuccessful tenderers, award of contract is delegated be Assistant Director – Finance (Section 151 Officer) in consultation with Portfolio Holder for Finance.