Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 9, 2025

Purpose: Approval to procure insurance services on behalf of the Council

Content: RESOLVED   KEY DECISION   That the Executive:   a)   Approved the extension of existing contracts for a further 12-month period from 1st April 2026, in line with Regulation 72 (1(b)) of the Public Contracts Regulations 2015 (PCR 2015)   b)   Disaggregated the listed insurances from the main programme for the reasons stated and make appropriate separate arrangements effective from 1st April 2026;   c)   Delegated authority to procure, enter into a contract with the chosen procured supplier(s) and sign the necessary contracts to the Executive Director for Finance and Performance in consultation with the Executive Member for Finance, Efficiency and Change for the insurance contracts to take effect from 1st April 2027.     Reason for Recommendations – to offer the best chance of obtaining advantageous terms, appropriate value for money from insurance arrangements and budget certainty.   Alternative Options Considered – For Cambridge County Council insurance service to continue to tender for 1st April 2026 with uncertainty as to how the insurance market will respond, increasingly the likelihood of a higher insurance premium over the life of the contract and significant ongoing financial pressures without the ability to mitigate.