ARPC Annual Report awarded Silver in Australasian Reporting Awards

Australian Reinsurance Pool Corporation is proud to announce that its 2018-19 Annual Report has been awarded Silver in the 2019 Australasian Reporting Awards (ARA). The 2019 Silver Award for ARPC’s 2018-19 Annual Report builds on the 2018 Bronze Award received for the 2017-18 ARPC Annual Report, the first year ARPC entered the awards. “We are really pleased to receive Silver...
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ARPC Board appointments update

Australian Reinsurance Pool Corporation has welcomed the Government’s reappointment of Ian Carson AM as ARPC Chair, Robin Low as a Member and the new appointment of Maria Fernandez PSM as a Member. We also take this opportunity to thank Michael Callaghan AM PSM for his service to ARPC having completed his term as a Member on 4 October 2019. The...
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Standards Australia Risk Mitigation Handbook draft open for public comment

Dr Christopher Wallace, Australian Reinsurance Pool Corporation Chief Executive, has welcomed peak standards development body Standards Australia’s opening of the public comment period for the Physical Protective Security Controls for Buildings Handbook (HB-188). ARPC is the Project Proponent for HB-188. “We strongly encourage ARPC insurance industry and government stakeholders to participate in the public comment period for the Handbook draft,” said...
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ARPC’s 2020 retrocession program helps cover the Australian economy against terrorist attacks

Australia’s terrorism insurance scheme, Australian Reinsurance Pool Corporation, has renewed its retrocession reinsurance program for the 2020 calendar year. The $3.45 billion retrocession reinsurance program, plus ARPC’s net assets and the $10 billion Commonwealth guarantee, provides scheme capacity in the event of a declared terrorism incident, against commercial and eligible property assets of just under $14 billion.   “ARPC’s retrocession program...
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ARPC General Counsel appointed

Dr Christopher Wallace, Chief Executive of Australian Reinsurance Pool Corporation (ARPC), has announced a new appointment to the ARPC senior executive team. Ms Janice Nand has been promoted to a new position of General Counsel on the ARPC senior executive team. Ms Nand joined ARPC in February 2019 as Senior Manager, Governance, Compliance and Board Secretariat. “I welcome Janice to...
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ARPC welcomes ANAO Performance Audit Report

Australian Reinsurance Pool Corporation Chief Executive, Dr Christopher Wallace, has welcomed the Performance Audit Report: Management of the Terrorism Reinsurance Scheme, by the Australian National Audit Office (ANAO), tabled in Parliament last month. The ANAO is the national auditor for the Australian Government.  The ANAO performance audit on ARPC concluded that ARPC is effective in managing the terrorism reinsurance scheme...
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ARPC executive team update

Dr Christopher Wallace, Chief Executive of Australian Reinsurance Pool Corporation, has announced changes to the ARPC senior executive team. Michaela Flanagan, previously ARPC Chief Operating Officer (COO), has joined Swiss Re as Head of Branch Operations ANZ, with responsibility for property/casualty, life and health reinsurance operations in Australia. “I would like to congratulate Michaela on her new role in the...
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ARPC to update postcode tier classifications

The Hon Stuart Robert, Assistant Treasurer, has signed the Terrorism Insurance Act 2003 - Premiums Direction 2019. The Direction updates Australian Reinsurance Pool Corporation's postcode allocation list so appropriate premiums may be charged to reinsure properties in those postcodes. The adjustments will take effect on 1 July 2019 and are as follows: Please visit our Postcodes page here to view...
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ARPC’s 2019 retrocession program helps cover Australian economy against terrorist attacks

Australia’s terrorism insurance scheme administrator, Australian Reinsurance Pool Corporation, has renewed its retrocession reinsurance program for the 2019 calendar year. The $3.315 billion retrocession reinsurance program, plus ARPC’s net assets and the $10 billion Commonwealth guarantee, provides scheme capacity in the event of a declared terrorism incident, against commercial and eligible property assets of more than $13.7 billion.   “ARPC’s retrocession...
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