ARPC welcomes draft legislation on Cyclone Reinsurance Pool

ARPC welcomes the Australian Government’s release of draft legislation and supporting regulations for the Cyclone Reinsurance Pool covering cyclones and cyclone-related flood damage. The Government has released a draft bill and explanatory memorandum, together with regulations and an explanatory statement, and a factsheet.  On 4 May 2021, the Government announced its intention to establish a reinsurance pool for cyclones and...
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ARPC commences research study on the evolving meaning of terrorism 

Australian Reinsurance Pool Corporation has commenced a research study with the University of Queensland (UQ) Business School on the evolving experience and meaning of terrorism in Australia and internationally. The research study, the second in a series of ARPC/UQ thought leadership papers focused on terrorism, will research how formal definitions of terrorism might evolve over time as experience emerges with...
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ARPC welcomes new Board appointment

Australian Reinsurance Pool Corporation (ARPC) has welcomed the Australian Government’s appointment of Julie-Anne Schafer to the ARPC Board as a part-time Member for a three-year term commencing 14 September 2021. ARPC administers the national terrorism reinsurance pool. Ms Schafer is a Brisbane-based director and qualified lawyer with experience across the insurance, superannuation, energy, water, transport and health sectors. She is...
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ARPC’s 2021-25 Corporate Plan positions organisation for the future

Australian Reinsurance Pool Corporation (ARPC) has published its 2021-25 Corporate Plan, which outlines how it intends to administer the terrorism insurance pool over the next four years, including key activities, performance measures and assessment criteria. The 2021-25 Corporate Plan sets out ARPC’s five performance areas to measure the delivery of its strategic priorities: provide reinsurance for eligible terrorism losses; encourage...
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ARPC releases results of inaugural Insurer Customer Survey

Australian Reinsurance Pool Corporation today released the results of ARPC’s first survey of its insurer customer stakeholders conducted by ORIMA Research. Overall, the survey results indicated that ARPC is largely delivering on its vision, is a valuable and important partner, a trusted expert and is communicating and engaging well. In ARPC’s 2020-24 Corporate Plan, the agency said it would develop...
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ARPC welcomes 2021 Triennial Review

Australian Reinsurance Pool Corporation (ARPC) has welcomed the terms of reference for the 2021 Triennial Review of the Terrorism Insurance Act 2003 (TI Act), which will be conducted by The Treasury. The TI Act requires that a review be conducted at least once every three years to test whether market failure for terrorism insurance exists and therefore whether the Act should...
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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,...
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ARPC appoints General Manager, Governance and Compliance

Dr Christopher Wallace, Chief Executive of Australian Reinsurance Pool Corporation (ARPC), has announced the appointment of Samantha Lawrence as General Manager, Governance and Compliance. Ms Lawrence is a skilled governance professional with more than 15 years’ experience in board secretary roles, including substantial experience supporting government boards. Her last role was with Insurance and Care NSW (icare) where she was...
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Aon appointed as ARPC reinsurance broker

ARPC conducted a scheduled tender for the provision of reinsurance broking services. As a result of that process, Aon has been appointed and will commence from 1 April 2021. Mr Mike Pennell PSM, ARPC’s Chief Underwriting Officer will oversee the transition-in and commencement of broking services to ARPC by Aon.
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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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