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Media Releases

ARPC announces research study on cyber terrorism in Australia

Posted on 31 Oct 2018
Australian Reinsurance Pool Corporation has commenced a research study on the threat of cyber terrorism in Australia, including the nature and cost of physical damage to commercial property (including business interruption), which may be caused by acts of cyber terrorism. The 12-month research study, titled ‘Insurance risk assessment of cyber terrorism in Australia’ will identify and explore current and prospective...
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ARPC 2017-18 Annual Report published

Posted on 17 Oct 2018
The ARPC 2017-18 Annual Report has been tabled.
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ARPC welcomes Board reappointments

Posted on 06 Jun 2018
The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, yesterday announced the reappointments of Ms Elaine Collins, Ms Janet Torney and Mr John Peberdy as part-time members of the Australian Reinsurance Pool Corporation Board (ARPC). These appointments are for a further three years from 1 July 2018 to 30 June 2021. Mr Ian Carson AM, ARPC Chair,...
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ARPC’s Risk Mitigation Handbook Proposal approved by Standards Australia

Posted on 28 May 2018
Australian Reinsurance Pool Corporation has welcomed peak standards development body Standards Australia’s approval of ARPC’s proposed Physical Protective Security Treatments for Buildings Handbook.    Earlier this year, ARPC submitted a proposal to Standards Australia for the development of a new Plain English Handbook to support proactive risk management of large-scale infrastructure (commercial buildings).     “The Handbook will help owners and operators to assess their risks and plan and implement treatment measures to protect valuable assets against terrorist attacks...
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ARPC welcomes 2018 Triennial Review

Posted on 30 Apr 2018
Australian Reinsurance Pool Corporation (ARPC) has welcomed the terms of reference for the 2018 Triennial Review of the Terrorism Insurance Act 2003 (TI Act), being undertaken by The Treasury. The TI Act requires that a review be conducted at least once every three years on the need for the Act to continue in operation. As in previous reviews, the 2018...
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Changes to the ARPC Executive Team

Posted on 16 Apr 2018
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

Posted on 15 Mar 2018
ARPC's Autumn 2018 newsletter published 
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ARPC’s 2018 retrocession program helps cover Australian economy against terror attacks

Posted on 26 Feb 2018
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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