Purpose

Report seeks approval for a
procurement strategy. The council’s terrorism insurance
provider Charles Taylor Consulting has advised that they will not
be providing cover for the final two years of our agreement from 31
March 2025 therefore there is an urgent need to retender for the
Council and on behalf of the 7 participating councils who are
members of the ILC (London Insurance Consortium), to cover these
two remaining years.
 

Content

RESOLVED
to;
 

1.   
approve a re-procurement strategy for terrorism
insurance for Croydon Council who are running a tender on behalf of
the London Insurance Consortium. This will result in a two-year
contract with a value of approximately £80,000 for the
Council and an aggregate value of approximately £1.1M across
all the contracts to be entered into by the 7 participating
boroughs.
 

2.   
note that Sutton and Kingston have opted not to take
part in this exercise as they will shortly be exiting the
consortium arrangements.
 

Reasons for the decision

As per Part A
report.

Alternative options considered

As per Part A
report.