ARPC welcomes Board reappointments

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

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

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

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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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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Winter 2015 Newsletter

ARPC is pleased to present its Winter 2015 newsletter 'Under the Cover'. In this edition you can read about our Canberra office operations moving to Sydney; quarterly and annual reports due and ARPC Board appointments. Winter UTC final
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ARPC Board update

The Acting Treasurer, the Hon Bruce Billson MP has appointed three new Members to ARPC’s Board. Ms Elaine Collins, Mr John Peberdy and Ms Janet Torney have been appointed as part-time, non-executive Members of ARPC’s Board for a three-year, period from 1 July 2015 up to and including 30 June 2018. Mr Tom Karp and Ms Marian Micalizzi have been...
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Declared terrorist incident – Lindt Cafe

ARPC wishes to advise that the Treasurer has announced the following incident as a declared terrorist incident for the purposes of the Terrorism Insurance Act 2003 (TI Act), with no reduction percentage. This announcement was made on Thursday 15 January 2015. Incident Detail Date Incident Code Reduction Percentage Lindt Café, Martin Place, Sydney 15 December 2014 141 not applicable *...
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Incident on 15 Dec 2014 – Update 6 Jan 2014

Background ARPC administers the terrorism reinsurance scheme, providing primary insurers with reinsurance for commercial property and associated business interruption losses arising from a declared terrorist incident. The purpose of the organisation is to protect Australia from economic losses caused by terrorism catastrophe. What can happen next? If the Martin Place siege is declared as a terrorist incident the insurance company...
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Incident on 15 Dec 2014

An incident has occurred at: LINDT Café, Martin Place, Sydney on Monday 15 December 2014. We are saddened by the incident at the Lindt Café and our thoughts are with the families who have lost loved ones, the survivors, and everyone who has been impacted by this tragic event. The incident is currently being investigated by the relevant authorities. Please...
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