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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Autumn Under the Cover newsletter published

ARPC's Autumn 2018 newsletter published 
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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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Global links crucial to meeting terrorism challenges: IFTRIP

The role of international cooperation in mitigating the financial cost of terrorism risk and sharing best practice knowledge on insurance coverage options is critical, according to Dr Christopher Wallace, Australian Reinsurance Pool Corporation (ARPC) CEO.   Dr Wallace recently addressed the inaugural International Forum of Terrorism Risk Re (Insurance) Pools (IFTRIP*) Conference in Paris held on 27 and 28 June 2017....
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ARPC welcomes new Chair and Board member appointments

  It is with great pleasure that ARPC announces the appointment of a new Chair and new Board member, both of whom will join the Board in the coming months. Senator the Hon Mathias Cormann, Acting Minister for Revenue and Financial Services, has appointed business advisory expert and social entrepreneur Mr Ian Carson AM as ARPC Chair, and legal and...
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Terrorism Insurance Scheme amendments approved

Changes to Australia’s Terrorism Insurance Scheme, as recommended by the 2015 Triennial Review by Treasury, have now been approved and are effective as at 1 July 2017. The changes extend the Scheme’s coverage and will ensure it remains fit for purpose. The changes will: broaden the definition of eligible property to include buildings with a floor space of at least...
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ARPC Chair term expiry and search

Joan Fitzpatrick, Chair of Australian Reinsurance Pool Corporation (ARPC), has today confirmed that she will not be seeking reappointment as Chair when her current term expires on 30 June 2017. Ms Fitzpatrick was first appointed to the Board on 12 September 2012 and then appointed Chair on 1 January 2013. “I would like to take the opportunity to say how...
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