Tropical Cyclone Gabrielle Ends 13 February 2023 As advised by the Bureau of Meteorology (Bureau), on 12 February 2023 at 3:48pm (AEDT), ARPC wishes to advise that the following cyclone event has ended as a declared cyclone event for the purposes of the Terrorism and Cyclone Insurance Act 2003. A copy of the declaration is […]

Tropical Cyclone Gabrielle Begins 10 February 2023 As notified by the Bureau of Meteorology (BoM), the ARPC wishes to advise that the following cyclone event has begun as a declared cyclone event for the purposes of the Terrorism and Cyclone Insurance Act 2003. A copy of the declaration is available here  Please refer to the […]

ARPC welcomes Sure Insurance to the Cyclone Reinsurance Pool 18 January 2023 Australian Reinsurance Pool Corporation is pleased to announce that effective 1 January 2023, the Sure Insurance brand has joined the Cyclone Reinsurance Pool (cyclone pool) as an insurer customer through their product issuers Liberty Mutual Insurance Company, Australia Branch, trading as Liberty Specialty […]

ARPC finalises 2023 terrorism retrocession program Wednesday, 18 January 2023 Australia’s Terrorism Reinsurance Pool, administered by Australian Reinsurance Pool Corporation, continued to purchase its retrocession* program for the 2023 calendar year at the same terms and conditions as the 2022 program. The retrocession, of approximately $3.5 billion, plus ARPC’s net assets and the $10 billion […]

ARPC welcomes Allianz to the Cyclone Reinsurance Pool  13 January 2023 Australian Reinsurance Pool Corporation (ARPC) is pleased to announce that Allianz Australia Insurance Ltd (ABN 15 000 122 850) has joined the Cyclone Reinsurance Pool (cyclone pool) as an insurer customer.  Allianz Australia Insurance Ltd has joined the cyclone pool for their Home Insurance […]

Tropical Cyclone Darian Ends 1 January 2023 As advised by the Bureau of Meteorology (Bureau), on 1 January 2023 at 12:22 (AEDT), ARPC wishes to advise that the following cyclone event has ended as a declared cyclone event for the purposes of the Terrorism and Cyclone Insurance Act 2003. A copy of the declaration is […]

Tropical Cyclone Ellie Ends 23 December 2022 As advised by the Bureau of Meteorology (Bureau), ARPC wishes to advise that the following cyclone event has ended as a declared cyclone event for the purposes of the Terrorism and Cyclone Insurance Act 2003. A copy of the declaration is available here  Please refer to the Cyclone […]

Tropical Cyclone Ellie Declaration 23 December 2022 As notified by the Bureau of Meteorology (Bureau), the ARPC wishes to advise that the following cyclone event has begun as a declared cyclone event for the purposes of the Terrorism and Cyclone Insurance Act 2003. A copy of the declaration is available here  Please refer to the […]

Tropical Cyclone Darian _ update 23 December 2022 Following the declaration of the existence of Tropical Cyclone Darian (TC Darian) on 18 December 2022, the ARPC advises that, as advised by the Bureau of Meteorology (Bureau) in their notice issued at 9:18pm on Wednesday 21 December 2022, TC Darian moved west out of the Australian […]

Newsletter – Summer 2022

Tropical Cyclone Darian _ declared 19 December 2022 As notified by the Bureau of Meteorology (Bureau), the ARPC wishes to advise that the following cyclone event has begun as a declared cyclone event for the purposes of the Terrorism and Cyclone Insurance Act 2003. A copy of the declaration is available here Please refer to […]

  Opening Statement to Joint Select Committee on Northern Australia 25 November 2022 Dr Chris Wallace, CEO, Australian Reinsurance Pool Corporation Thank you Chair and members of the Committee for the invitation to appear today. ARPC welcomed the passing of legislation in late March this year, which established the cyclone reinsurance pool to be administered […]

ARPC appoints Chief Operating Officer 24 November 2022 Dr Christopher Wallace, Chief Executive of Australian Reinsurance Pool Corporation (ARPC), has announced the appointment of Victoria Simpson as Chief Operating Officer. Victoria is an actuary and leader with extensive financial services industry experience in strategy, customer experience and marketing, and insurance operations and product management. Victoria […]

ARPC Submission to Joint Select Committee on Northern Australia

  Opening Statement to Budget Estimates 09 November 2022 Dr Chris Wallace, CEO, Australian Reinsurance Pool Corporation Thank you Chair, and members of the Committee for the invitation to appear today. I would like to start by acknowledging the Ngunnawal people, Traditional Custodians of the land on which we meet today and pay my respects […]