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ARPC Board appointments update

Australian Reinsurance Pool Corporation has welcomed the Government’s appointment of Elaine Collins as a Member for a further three-year term and the new appointment of Jan van der Schalk as a Member.

We would like to thank Janet Torney and John Peberdy for their service to ARPC. Their terms as Members expire on 30 June 2021.

Mr Ian Carson AM, ARPC Chair, said: “The ARPC Board is pleased that the Government has reappointed Elaine Collins as a Member of ARPC. Her skills as an actuary are highly valued by the ARPC in administering the Terrorism Insurance Scheme.”   

“Jan van der Schalk’s appointment will benefit ARPC as he has deep reinsurance and investment experience and I look forward to working with him.”

“I would like to sincerely thank John Peberdy and Janet Torney for their significant contribution and guidance during their Board terms with ARPC”, Mr Carson said.

Dr Christopher Wallace, ARPC CEO, also thanked Janet Torney and John Peberdy for their service to ARPC, following the expiry of their terms.

 “Janet Torney has skilfully chaired ARPC’s Audit & Compliance Committee, contributed investment and governance expertise and more recently guided the organisation’s risk management oversight,” Dr Wallace said.

 “John Peberdy made a significant contribution to ARPC during his term, assisting with the annual reinsurance program placement and as a reinsurance and insurance expert,” he said.

For media inquiries on the Board updates, please contact ARPC Chief Executive Dr Chris Wallace on (02) 8223-6777

View the Government Media Release announcing the Board appointments here

 

Biographical information

Elaine Collins was first appointed to the ARPC Board from 1 July 2015 and reappointed on 1 July 2021 for a further three-year term. She is a member of the Audit, Risk and Compliance Committee.

Elaine is a non-executive director and actuary, with a career spanning 25 years in the insurance industry in Australia, New Zealand, Hong Kong, Singapore and Papua New Guinea.

She is a non-executive Director of Zurich Insurance Australia Ltd (ZAIL) and Chair of its Risk, Compliance and Audit Committee. 

Elaine is a Fellow of the Actuaries Institute and a Fellow of the Australian Institute of Company Directors. She is a member of the Actuaries Institute’s Professional Standards Committee and a Professor of Practice at the University of New South Wales.

She served in senior roles with KPMG and as a Partner with Deloitte, carrying out Appointed Actuary roles for more than ten years, with key expertise in strategic risk management, policy formulation and capital efficiency.

Jan van der Schalk was appointed to the Board from 1 July 2021. He has deep experience in reinsurance and investment management. He is currently an Environmental and Social Governance (ESG) Investment Specialist with Platinum Asset Management. Previously he worked for fund manager Ausbil and Hong Kong based investment group CLSA in equities analyst roles.

Earlier in his career, Jan was part of a team which founded and built property catastrophe specialist, ACE Tempest Reinsurance where he was Chief Underwriting Officer (International). He also served as CEO of Asset Management and Reinsurance at Insurance Australia Group (IAG) for seven years.

As an entrepreneur, Jan also founded Just-Ezi, an internet-based car insurance comparison site.

Jan holds a Master of Science (Philosophy) from the London School of Economics and a Bachelor of Arts (Political Science) from Swansea University. 

 

Background

ARPC administers the terrorism insurance scheme under the Terrorism Insurance Act 2003.

In this role, ARPC is reinsurer to Australia’s commercial property insurers for Declared Terrorist Incidents (DTIs).