The report to Executive outlines the current proposal to set up a mutual company to provide insurance to local authorities within London from April 2007. Although Haringey’s insurance contracts don’t expire until April 2008, the authorities setting up the mutual company want support and a financial commitment in the form of a guarantee (of £1m) from April 2007. The guarantee would be refundable if Haringey subsequently decided not to join the mutual. The report sets out the potential risks and benefits of Haringey joining the mutual
Decision type: Key
Decision status: For Determination
Wards affected: (All Wards);
Decision due: 31 Oct 2006 by Cabinet
Consultation process
At this stage there is no requirement for a consultation process and limited or no implications for equalities
DMT date and early discussion between AD and Cabinet Member: Executive Member for Finance with Acting Director of Finance
SLT date: No implications