Cabinet will be asked to award the contract for the Council’s main insurance contract for classes of business including property, motor, liabilities and ancillary policies excluding engineering inspection.  The existing contract expires on 30^th June, 2018.  The new contract is proposed for 6 years with an option to extend.  The estimated value of the contract is in excess of £10 million

Cabinet:

1. AGREED the award of Lot 1) Property (excluding terrorism), Lot 2) Casualty & FG and Lot 3) Motor, to Bidder B on the basis set out in the report detail.

2. AGREED the award of  Lot 4) PA Group Travel to Bidder A on the basis set out in the report detail

3. AGREED the award of the terrorism element of Lot 1 Property to the supplier providing the alternative Quote 1, as set out in the detail of the report. This exercises the right reserved in the Invitation to Tender not to award to the successful bidder under Lot 1.

4. NOTED the contract award Notices will need to be issued and the Insurance Team will need to mobilise to ensure a smooth transition where the award of a Lot is to a new insurer. New insurance schedules and certificates will need to be received and notification sent to relevant parties, including schools.