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Details

Status:
Implemented
Title:
Contract Award - Renewal of various insurance policies
Include item on Forward Plan/ Key Decision
No
Reference:
010164/2022
Urgent Decision - Not in Forward Plan
Yes
Details for Agenda Sheet
Director of Council Management
Implementation Date (not before meeting on)
Tue 26 Apr 2022
Purpose

Award of the contracts for the renewal of various insurance policies 

•  Lot 1 - Material Damage and Business Interruption (encompassing fire): Risk Management Partners Ltd

•  Lot 2 - Commercial and Industrial Properties, Risk Management Partners Ltd

•  Lot 3 - Leaseholder Right to Buy:  Allianz Insurance Plc

• Lot 4 - Casualty (encompassing Employers Liability, Personal Accident and Travel, Public Liability and Fidelity Guarantee):  Risk Management Partners Ltd

• Lot 5 - Engineering Insurance and Inspections:  Zurich Municipal Plc

• Lot 6 - Property Terrorism: Alesco Risk Management Services Ltd

• Lot 7 - Motor Fleet: Zurich Municipal Plc


Key Portfolio
Finance and Resources
Decision Maker
Chief Officer Decision Maker
Reason For Key Decision
Excess over £500k
Relevant Documents
Decision Type:
Committee
Decision Maker:
Cabinet
Directorate
Council Management Directorate
Other Information
Private Reason

Paragraph 8 of Part I Schedule 12A LGA 1972.  The amount of any expenditure proposed to be incurred by the Council


Decision Outcome

On 26 April 2022, Cabinet:-

 

(i) Approved the award of the contracts for the renewal of various insurance policies for a period of 5 years with a break clause after 3 years commencing 1st May 2022 for the estimated total value £18,160,742 to:

 

• Lot 1 - Material Damage and Business Interruption (encompassing fire): Risk Management Partners Ltd

 

• Lot 2 - Commercial and Industrial Properties:

Risk Management Partners Ltd

 

• Lot 3 - Leaseholder Right to Buy:

Allianz Insurance PLC

 

• Lot 4 - Casualty (encompassing Employers Liability, Personal Accident and Travel, Public Liability and Fidelity Guarantee):

Risk Management Partners Ltd

 

• Lot 5 - Engineering Insurance and Inspection:

Zurich Municipal PLC

 

• Lot 6 - Property Terrorism:

Alesco Risk Management Services Ltd

 

• Lot 7 - Motor Fleet:

Zurich Municipal PLC

 

(ii) Authorised the Acting City Solicitor & Monitoring Officer to execute and completes all necessary legal documents to give effect to the above recommendation.

 

THE DEADLINE FOR CALL IN IS 1600 HOURS ON

FRIDAY 29 APRIL 2022.
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Decision Options:

Additional Information

Reg 10
Reg 11

Decision Criteria

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Wards

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Topics

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Overview and Scrutiny

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Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
12
 Page 1 of 2, items 1 to 10 of 17.
13/04/2022 10:11:07Manjit SamraiBusiness Item Created 
13/04/2022 10:11:07Manjit SamraiCommittee AddedCabinet
13/04/2022 10:11:07Manjit SamraiMeeting Added07/06/2022 10:00AM
13/04/2022 10:14:27Manjit SamraiGeneral Details Edited 
13/04/2022 10:14:45Manjit SamraiMeeting Deleted07/06/2022 10:00AM
13/04/2022 10:15:02Manjit SamraiMeeting Added26/04/2022 10:00AM
13/04/2022 10:16:49Manjit SamraiStatus ChangedDecision Scheduled [1]
14/04/2022 09:46:40Manjit SamraiGeneral Details Edited 
14/04/2022 09:47:45Manjit SamraiReport AddedDocument ID 207836: Cabinet Award Report - Insurance Services -Public
14/04/2022 09:50:10Manjit SamraiReport AddedDocument ID 207838: Cabinet Report - Exempt Appendix C

Approval/Comments

No history found.