Issue - decisions

Gateway 2: Contract Award Approval - Corporate Insurance (Liability / Property / Personal Accident and School Travel) Contracts

04/09/2025 - Gateway 2: Contract Award Approval - Corporate Insurance (Liability / Property / Personal Accident and School Travel) Contracts

That the Strategic Director of Resources approves the award of the corporate insurances contracts to the suppliers listed below, at the specified estimated annual contract values including Insurance Premium Tax (IPT) and VAT where applicable, for a period of three years each from 1 October 2025, with the option to extend for a maximum additional two single years making an estimated total contract value of £13,698,635

Lot No.

Supplier

Estimated annual contract value £

Lot 1: Material Damage and associated covers

American International Group Ltd (AIG) via Risk Management Partners Ltd (RMP)

£1,515,433

Lot 2: Property Owners and associated covers

American International Group Ltd (AIG) via Risk Management Partners Ltd (RMP)

£265,923

Lot 3: Combined Liability

Zurich Insurance Company Ltd trading as Zurich Municipal (ZM)

£721,225

Lot 4: Crime

Zurich Insurance Company Ltd trading as Zurich Municipal (ZM)

£47,174

Lot 5: Personal Accident

American International Group Ltd (AIG) via Risk Management Partners Ltd (RMP)

£25,992

Lot 6: School Travel

American International Group Ltd (AIG) via Risk Management Partners Ltd (RMP)

£9,978

Lot 7: Computer

HSB Engineering Insurance Ltd via Risk Management Partners Ltd (RMP)

£12,901

Lot 8: Motor

Zurich Insurance Company Ltd trading as Zurich Municipal (ZM)

£141,101