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New ARPC Board Members appointed

Australian Reinsurance Pool Corporation is pleased to announce the appointment to the Board of two new part-time members for three year terms and the reappointment of one part-time member for a further year. The appointments include:

• Mr Michael Callaghan AM, for a period of three years;

• Ms Robin Low, for a period of three years; and

• Mr Tom Karp, for a period of one year.

Mr Callaghan AM is a Non-resident Fellow at the Lowy Institute for International Policy. In 2015, he was the head of the Northern Australia Insurance Premiums Taskforce. Between 2012 and 2014 Mr Callaghan was Program Director of the G20 Studies Centre at the Lowy Institute. Mr Callaghan was Executive Director, International, in the Department of the Treasury from 2008 until 2012. Mr Callaghan also served as the Prime Minister’s Special Envoy, International Economy.

Ms Low is the Deputy Chair and member of the Auditing and Assurance Standards Board and on the board of a number of not-for-profit organisations, including the Sydney Medical School Foundation and the Public Education Foundation. Ms Low is a chartered accountant, with over 25 years’ experience with PricewaterhouseCoopers, including more than 17 years as an assurance partner. She is also a Non-Executive Director of AUB Group, a listed equity-based risk management, advice and solutions provider (including insurance broking).

Mr Karp has been a member of the ARPC since 2008. He is an actuary and previously worked at the Australian Prudential Regulation Authority and the Insurance and Superannuation Commission. He is also a current member of the Professional Standards Council.

Joan Fitzpatrick, ARPC Chair, warmly welcomed the appointments: “I am delighted that we have the opportunity to continue to work with Tom Karp, who many of our stakeholders know has enormous experience as an ARPC Board Member and has made a significant contribution in his career to the Australian insurance industry.

“I also warmly welcome our new Board members Robin Low and Mike Callaghan. Ms Low brings extensive assurance expertise and Mr Callaghan brings deep government expertise. The new appointments add to an incredibly strong and experienced ARPC Board.”

For media enquiries, please contact Dr Christopher Wallace, ARPC Chief Executive, on +61 2 8223-6777.