Agenda and minutes

Councillor David Mellen (other Council business)

Ian Curryer

Alison Michalska

None

Last meeting held on 16 September 2014 (for confirmation)

The Board confirmed the minutes of the meeting held on 16 September 2014 as a correct record and they were signed by the Chair.

Report of Deputy Leader/Portfolio Holder for Resources and Neighbourhood Regeneration

The Board considered the Deputy leader/Portfolio Holder for Resources and Neighbourhood Regeneration’s report seeking approval to tender and place insurances for the Council, Nottingham City Homes and associated wholly owned companies with policies to commence on 1 April 2015.

The tender for Liability, Property and Motor insurance will seek quotes on the same terms and conditions as the current policies and, as an alternative, with increased policy excesses.

The tender for Fine Arts, Director and Officer, Personal Accident/Travel, Money, Engineering, Fidelity Guarantee, Marine and Shopmobility will seek quotes on similar terms and conditions to the cover currently held.

Terrorism cover will be sought from the Lloyds market to achieve the best rates.

RESOLVED

(1)  to approve the tendering of the insurance programme currently held by the Council, Nottingham City Homes and associated wholly owned companies, noting the process for obtaining alternative premium quotes for the Liability, Motor and Property policies at an increased excess level of £0.250 million per event, detailed in paragraphs 2.2 to 2.4 of the report;

(2)  to delegate authority to the Insurance and Risk Manager to let the insurance contracts on a 3 year basis, with the option of a 2 year extension, for Liability, Motor, Property and associated covers, Engineering, Marine, Fine Arts, Directors and Officer, Personal Accident/Travel and specific policies for wholly owned companies or commercial activities;

(3)  in relation to Terrorism cover to:

(a)   note that it will be excluded from this tender in order to seek quotes from the Lloyds market;

(b)  delegate authority to the Insurance and Risk Manager to tender and award the contract for this cover.

Reasons for decisions

Insurance is required to provide financial protection against liabilities and to protect assets against catastrophic loss. The consequent transfer of the risk limits the Council’s financial exposure to the losses payable under the policy excess.

The current insurance policies are subject to long term agreements which expire on 31 March 2015, and there is no option to extend the agreements. Most insurance policies are based on a 3 year contract with the option to extend for 2 years if it is cost effective, and the new contract will be awarded to the companies providing the most economically advantageous quotation, terms and conditions. Terrorism is excluded from the main tender as it is considered that the best rates can be achieved from the Lloyds market.

An assessment has been carried out on past losses on each policy, both within the excess and against the insurer and this, together with an estimate of future losses, indicates that seeking quotes based on increased excess levels may produce premium savings and an overall reduction in costs. Where premium savings are not sufficient to warrant the increased risk in higher excesses, the policies will be placed at the current excess levels.

Other options considered

No other options were considered as the current insurance policies expire on 31 March 2015 and the Council is required to have insurance.

Joint report of Leader/Portfolio Holder for Strategic Regeneration and Schools

Councillor and Portfolio Holder for Children’s Services/ Chair of One Nottingham

The Board considered the Leader/Portfolio Holder for Strategic Regeneration and Schools and Portfolio Holder for Children’s Services/Chair of One Nottingham’s report presenting the Nottingham Plan Annual Report for Year 4 (2013/14) showing the progress in achieving the ambitions in the Nottingham Plan to 2020.

Key successes include:

·  positive signs of growth;

·  cohesive communities;

·  supporting families and young people (reduced teenage pregnancy and an increase in the number of pupils achieving 5 A*-C GCSEs including English and Maths);

·  safer Nottingham;

·  tackling health inequality (a reduction in smoking prevalence, an increase in the number of adults who do at least 150 minutes of physical activity per week and a reduction in the level of people with poor mental wellbeing);

·  cleaner and greener.

Areas for improvement include:

·  supporting families and young people (the level of children living in poverty and fuel poverty);

·  tackling health inequality (child obesity, adult obesity and high levels of alcohol related hospital admissions).

RESOLVED to approve the Nottingham Plan Annual Report for Year 4.

Reasons for decisions

To ensure that the Council continues to publicly report the performance of the Nottingham Plan to 2020 targets and priorities to local citizens and partners.

Other options considered

No other options were considered as it has been agreed that annual performance of the Plan is considered by the One Nottingham Board and the City Council.