ARPC CEO appointed 2020 IFTRIP President

Dr Christopher Wallace, CEO of Australian Reinsurance Pool Corporation (ARPC), has been appointed incoming President of the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) for 2020. Dr Wallace’s appointment was announced at the IFTRIP annual conference in Brussels last month and he will assume his new IFTRIP role from January 2020. IFTRIP is an international forum of national terrorism...
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ARPC appoints Helen Williams as Chief Operating Officer

Dr Christopher Wallace, Chief Executive of Australian Reinsurance Pool Corporation (ARPC), has announced the appointment of Helen Williams to the position of Chief Operating Officer. Helen has extensive multidisciplinary experience in strategy, technology operations and defence. Helen joins ARPC from the strategy consulting firm Strategy& (part of the PwC network), where she has been a strategy consultant since 2014. Prior...
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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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ARPC Welcomes ANAO Performance Audit

Australian Reinsurance Pool Corporation (ARPC) has welcomed the terms of reference for the 2018 Performance Audit: Management of the Terrorism Reinsurance Scheme, being undertaken by the Australian National Audit Office (ANAO).  The objective of ANAO’s audit is “to assess the effectiveness of the Australian Reinsurance Pool Corporation’s management of the terrorism reinsurance scheme.” “I am very pleased to welcome the...
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ARPC welcomes 2018 Triennial Review report

Australian Reinsurance Pool Corporation (ARPC) has welcomed the final report of the 2018 Triennial Review into the Terrorism Insurance Act 2003 (TI Act), released today by the Treasury. "In the 2018 Triennial Review of the TI Act, the Treasury has recommended that ARPC continue to provide terrorism re/insurance covering the Australian commercial and high value residential property market," said Dr...
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ARPC announces research study on cyber terrorism in Australia

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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