Changes to the ARPC Executive Team

Dr Christopher Wallace, Chief Executive of Australian Reinsurance Pool Corporation, has announced changes to the senior executive team effective from 16 April 2018. “These changes streamline ARPC’s operations and will further develop the strong skills and capabilities we have across the organisation. The new structure will unlock deeper levels of collaboration and better use our collective expertise," says Dr Christopher...
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Autumn Under the Cover newsletter published

ARPC's Autumn 2018 newsletter published 
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ARPC’s 2018 retrocession program helps cover Australian economy against terror attacks

Australia’s terrorism insurance scheme administrator, Australian Reinsurance Pool Corporation, has confirmed its retrocession reinsurance program for the 2018 calendar year. The new $3.065 billion retrocession reinsurance program plus ARPC’s net assets and the $10 billion Commonwealth guarantee, provides continuing scheme capacity to pay claims of more than $13.4 billion. “ARPC was able to increase private sector participation in the scheme...
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ARPC Annual Report 2016-17 published

Our Annual Report has been published.
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Global links crucial to meeting terrorism challenges: IFTRIP

The role of international cooperation in mitigating the financial cost of terrorism risk and sharing best practice knowledge on insurance coverage options is critical, according to Dr Christopher Wallace, Australian Reinsurance Pool Corporation (ARPC) CEO.   Dr Wallace recently addressed the inaugural International Forum of Terrorism Risk Re (Insurance) Pools (IFTRIP*) Conference in Paris held on 27 and 28 June 2017....
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ARPC welcomes new Chair and Board member appointments

  It is with great pleasure that ARPC announces the appointment of a new Chair and new Board member, both of whom will join the Board in the coming months. Senator the Hon Mathias Cormann, Acting Minister for Revenue and Financial Services, has appointed business advisory expert and social entrepreneur Mr Ian Carson AM as ARPC Chair, and legal and...
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Terrorism Insurance Scheme amendments approved

Changes to Australia’s Terrorism Insurance Scheme, as recommended by the 2015 Triennial Review by Treasury, have now been approved and are effective as at 1 July 2017. The changes extend the Scheme’s coverage and will ensure it remains fit for purpose. The changes will: broaden the definition of eligible property to include buildings with a floor space of at least...
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ARPC Chair term expiry and search

Joan Fitzpatrick, Chair of Australian Reinsurance Pool Corporation (ARPC), has today confirmed that she will not be seeking reappointment as Chair when her current term expires on 30 June 2017. Ms Fitzpatrick was first appointed to the Board on 12 September 2012 and then appointed Chair on 1 January 2013. “I would like to take the opportunity to say how...
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Public Service Medal awarded to ARPC Chief Underwriting Officer

Joan Fitzpatrick, Chair of Australian Reinsurance Pool Corporation, (ARPC) has today congratulated Michael Pennell, ARPC Chief Underwriting Officer, who has been awarded the prestigious Public Service Medal. “I would like to congratulate Michael Pennell who was awarded the Public Service Medal for his outstanding public service in the development of Australia’s national terrorism reinsurance scheme,” said Joan Fitzpatrick, ARPC Chair....
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New ARPC executive appointment

Dr Chris Wallace, Chief Executive Officer of Australian Reinsurance Pool Corporation, (ARPC) has today announced the appointment of Michaela Flanagan to the new role of General Manager, Business Performance and Strategy. Ms Flanagan joins ARPC from QBE where she was Head of Strategy and Proposition Development within the Specialty and Corporate Solutions global business. In that role, Ms Flanagan was...
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