HomeMy WebLinkAboutItem 08 - Stop Loss Insurance MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
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FROM: BRUNO RUMBELOW, CITY MANAGER I
MEETING DATE: AUGUST 1, 2017
SUBJECT: APPROVAL FOR THE AWARD OF A CONTRACT FOR RFP 456-
2017 FOR STOP LOSS INSURANCE
RECOMMENDATION:
City Council to consider approval for the award of a contract for RFP 456-2017 Stop Loss
Insurance with Munich Re.
FUNDING SOURCE:
Funds are available in account in account 100-45674-109-1 (Health Insurance Premium)
in the estimated annual amount of $472,000.
BACKGROUND:
The purpose of this contract is to establish a one year contract for stop loss insurance.
An RFP was issued in accordance with Local Government Code Chapter 252, Subchapter
B, Section 252.021(a) and Section 252.041(a) and in conjunction with the City's insurance
consultants; McGriff, Seibels and Williams. The RFP was advertised in the Fort Worth
Star-Telegram on June 29 and July 6, 2017. There were 80 vendors electronically notified
of the RFP through the eBid system. One vendor submitted a response to the RFP. The
RFP was opened publicly at the offices of McGriff, Seibels and Williams on July 20, 2017
at 2 pm.
The City's insurance consultants, McGriff, Seibels and Williams evaluated the sole
proposal from Munich Re based on the City's requirements and the services offered. Staff
reviewed the proposal also and recommended that the contract be awarded to Munich Re.
Staff recommends approval.
MH/BS