Issue - meetings

This report seeks approval to award contracts for the provision of Insurance Services excluding Broker Services for the benefit of the Council to commence on 1 April 2015 as detailed in the recommendations as the current arrangements expire on 31 March 2015.

The report provides details of the procurement process, including the results of the evaluation process and, in conjunction with the Part 2 report, demonstrates why the recommended contract awards deliver best value for money.

Due to the commercial sensitivity involved in the contract awards process the financial details of the potential suppliers have been circulated as a Part 2 report.

[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]

1.         That the contracts be awarded to the suppliers in the following lots:

Lot 1 Property – Zurich Municipal,

Lot 2 Fidelity Guarantee – QBE Insurance (via Risk Management Partners),

Lot 3 Commercial Properties – Zurich Municipal,

Lot 4 Casualty – QBE Insurance (via Risk Management Partners),

Lot 5 Motor Fleet – Travelers,

Lot 6 Group Personal Accident and Travel – AIG (via Risk Management Partners),

Lot 7 Terrorism - Pool Reinsurance

2.    That the contracts be awarded for three years, with an option to extend for two further years for all lots.

Reasons for Decisions:

A full tender process, in compliance with the requirements of Public Contracts Regulations 2006 and the Council’s Procurement Standing Orders has been completed. The recommendations provide best value for money for insurance cover in association with the lots as listed for the Council following a thorough evaluation process.

[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]

The Cabinet Member for Business Services introduced this report which sought approval to award contracts for the provision of Insurance Services, excluding Broker Services for the benefit of the Council to commence on 1 April 2015.

Due to the commercial sensitivity involved in the contract awards process, the financial details of the potential suppliers were set out in a Part 2 report, to be considered later in the meeting.

RESOLVED:

1.         That the contracts be awarded to the suppliers in the following lots:

Lot 1 Property – Zurich Municipal,

Lot 2 Fidelity Guarantee – QBE Insurance (via Risk Management Partners),

Lot 3 Commercial Properties – Zurich Municipal,

Lot 4 Casualty – QBE Insurance (via Risk Management Partners),

Lot 5 Motor Fleet – Travelers,

Lot 6 Group Personal Accident and Travel – AIG (via Risk Management Partners),

Lot 7 Terrorism - Pool Reinsurance

2.    That the contracts be awarded for three years, with an option to extend for two further years for all lots.

Reasons for Decisions:

A full tender process, in compliance with the requirements of Public Contracts Regulations 2006 and the Council’s Procurement Standing Orders has been completed. The recommendations provide best value for money for insurance cover in association with the lots as listed for the Council following a thorough evaluation process.