William Eichler 04 January 2018

Terrorism insurance increases more than 300% in one year

The total value of public sector awards and frameworks for insurance services that included terrorism cover increased by over 300% in one year, according to new research.

Tussell, a market analysis company which specialises in public procurement, found that the value of insurance services including terrorism grew from £13m to £56m between 2016 and 2017 — a 331% year-on-year increase.

Out of the top five contracts, three were for councils: Royal Borough of Kensington & Chelsea (£9m), Cheshire West and Chester Council (£7m), and Cheshire East Council (£5m).

The other two contracts were for Insurance London Consortium (ILC) (£21m) and a London Universities Purchasing Consortium (£5m).

The London Borough of Southwark also issued a £34,000 award for ‘Terrorism cover for 160 Tooley Street’. This covers a local authority building near to the site of the London Bridge attack in June. 

Only one of the top contracts was issued after the Westminster terrorist attack on 22 March.

Image: Adam Cowell / Shutterstock.com.

What’s happening inside the LGPS? image

What’s happening inside the LGPS?

Get the most informed take on the challenges and opportunities that substantial reform will bring at this year’s PLSA Local Authority Conference.
SIGN UP
For your free daily news bulletin
Highways jobs

Senior Project Manager (Regeneration)

West Yorkshire Combined Authority
£49,359 to £56,057 per annum (pay award pending) – Grade 9
With ambitious goals ahead, we need dedicated individuals who are ready to make a real impact as part of our expanding Housing team Leeds / Hybrid
Recuriter: West Yorkshire Combined Authority

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerPermanent, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerFixed Term, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

HR Advisor - Pay & Policy (Career Grade)

Wakefield Council
Grade 9 - Grade 10, Career Grade, 24 hours, Permanent
Are you ready to make a difference and shape policies that foster a high performing and inclusive workplace? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Leisure Support Assistant

Wakefield Council
£12,013.50 - £12,202.00, Grade 3, 18.5 hours, Permanent
Are You Ready to Make a Difference in Your Community? Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner