Insurance Tender Evaluation and Recommendations

December 10, 2024 Cabinet (Cabinet collective) Key decision Approved View on council website
Full council record

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.

Related Meeting

CabinetTuesday, 10th December, 2024 7.00 pm on December 10, 2024

Supporting Documents

CabinetReport - Insurance Tender Evaluation.pdf
Appendix A - Outcome of Insurance Tender.pdf

Details

OutcomeRecommendations Approved
Decision date10 Dec 2024
Subject to call-inYes