To receive Report No.111/2022 from the Portfolio Holder for Finance, Governance and Performance, Change and Transformation.

RESOLVED

That Cabinet:

1.    RECOMMENDED to Council to delegate the award of the Insurance Services contract to the Strategic Director for Resources in consultation with the Portfolio Holder with responsibility for Finance.

2.    RECOMMENDED to Council to delegate the finalisation of the evaluation criteria to the Strategic Director of Resources in consultation with the Portfolio Holder with responsibility for Finance, based on the advice of the Insurance Broker to achieve best value, on the proviso that price is maintained at a minimum of 50%.

Report No.111/2022 was introduced by Councillor K Payne, Portfolio Holder for Finance, Governance and Performance, Change and Transformation.

The Council currently had a contract with Zurich Municipal for all its insurance services which the contract was due to expire on 31 March 2023.

The original term was for 7 years, but the Council extended the original term by two years during the pandemic as resources were diverted to pandemic work.

It was currently anticipated that an insurance framework will be used as it includes the main local government insurers. The Tender term would be for a minimum of 5 years and a maximum of 10 years, with extensions from year 5 and for it to commence in April 2023.

As the new contract needed to be in place by 1st April 2023 and post-tender all of the insurance policy documents would need to be provided and reviewed for compliance, Cabinet was asked to recommend to Council to delegate authority to award the new contract(s) for the insurance cover to the Strategic Director of Resources in consultation with the Portfolio Holder.

It was proposed by Councillor K Payne that the recommendations of report No. 111/2022 be agreed, this was seconded and upon being put to the vote the motion was unanimously agreed

RESOLVED

That Cabinet:

1.    RECOMMENDED to Council to delegate the award of the Insurance Services contract to the Strategic Director for Resources in consultation with the Portfolio Holder with responsibility for Finance.

RECOMMENDED to Council to delegate the finalisation of the evaluation criteria to the Strategic Director of Resources in consultation with the Portfolio Holder with responsibility for Finance, based on the advice of the Insurance Broker to achieve best value, on the proviso that price was maintained at a minimum of 50%.