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Awarded

Council Insurance Premiums

Published

Supplier(s)

Travelers UK, QBE, Navigators and General, Allianz

Value

1,458,825 GBP

Description

Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums). The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47. The Authority has a long term agreement with the supplier that should have been in place until 31/03/2025 however due to miscommunications that contract did not include the 2 year extension agreement. This only came to light after the contract had ended last year so we were unable to modify it before it expired. The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47. It should be noted that premiums are paid via our Broker - Marsh Ltd. A VEAT was published (2024/S 000-018183) and the Authority observed a 10 day standstill period that ended at midnight on 24 June 2024. Additional information: Any values given cover the period 01/04/2023 to 31/03/2025.

Timeline

Award date

3 months ago

Publish date

a day ago

Buyer information

Isle of Wight Council

Contact:
Vanessa Squibb
Email:
vanessa.squibb@iow.gov.uk

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Notice topic

Insurance services

Related topics

Engineering, auxiliary, average, loss, actuarial and salvage insurance servicesInsurance brokerage and agency servicesCredit and surety insurance servicesLiability insurance servicesDamage or loss insurance servicesFreight insurance and Insurance services relating to transport

Source

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