Issue - meetings

A report seeking delegated authority to finalise the property insurance tender for the Council and for the award of the insurance contracts.

The Cabinet received a report of the Director of Finance which advised Members that the Council and its current insurers had been subject to a long-term agreement in respect of property, terrorism, motor, fine art, and other ancillary policies which had commenced in April 2019 for a period of 5 years.  Liability insurance was subject to a separate insurance agreement which was due to conclude in 2026. 

The Director of Finance’s report sought delegated authority to finalise the property insurance tender for the Council and for the award of the insurance contracts that were due to commence on 1^st April 2024.

Options/alternatives considered:

Options and alternatives are to be considered at item 15 of the agenda.

Resolved:

That the Cabinet would consider the commercially sensitive information at item 15 of the agenda before making a decision thereon.