Annual Report 2021-22 ARPC’s 2021-22 Annual Report has been tabled in Parliament. “ARPC’s Annual Report shows ARPC delivered on key strategic projects in 2021-22. We continued our important role administering the Terrorism Reinsurance Pool while preparing for the Cyclone Reinsurance Pool which began on 1 July 2022,” said Dr Christopher Wallace, ARPC CEO. There were […]

ARPC releases revised premium rates for cyclone pool 29 Sep 2022 Australian Reinsurance Pool Corporation (ARPC) has today published its revised premium rates for its Cyclone Reinsurance Pool (cyclone pool), which commenced operations on 1 July 2022. The cyclone premium rates insurers will pay to the cyclone pool were revised after a consultation period on […]

ARPC’s 2022-26 Corporate Plan 31 Aug 2022 Australian Reinsurance Pool Corporation (ARPC) has published its 2022-26 Corporate Plan which has been revised to include the Cyclone Reinsurance Pool (cyclone pool) which commenced operations on 1 July 2022. ARPC’s new purpose statement reflects its statutory function, which is to protect Australian communities with sustainable and effective […]

Results of second Insurer Customer Survey 24 Aug 2022 Australian Reinsurance Pool Corporation (ARPC) has published the results of its second insurer customer survey conducted by ORIMA Research. Overall, the results from the 2021 survey remain strong. Consistent with the previous survey (2020) most respondents (97 per cent) continue to see ARPC as a trusted […]

ARPC announces CFO appointment Scott Unterrheiner 26 Jul 2022 ARPC is pleased to announce the appointment of Scott Unterrheiner as Chief Financial Officer, commencing in November 2022. Scott joins ARPC from Gen Re, where he is currently CFO and Company Secretary for Australia and New Zealand for property and casualty reinsurance, and life reinsurance. Having […]

ARPC appoints Chief Claims and Customer Officer 10 Feb 2022 Dr Christopher Wallace, Chief Executive of Australian Reinsurance Pool Corporation (ARPC), has announced the appointment of Jason Flanagan as Chief Claims and Customer Officer. His role will include ARPC’s Terrorism Reinsurance Pool as well as the proposed Cyclone Reinsurance Pool, covering cyclones and related flood […]

ARPC’s $3.475 billion retrocession program helps cover the economy against terrorist attacks 08 Feb 2022 Australia’s terrorism insurance scheme, administered by Australian Reinsurance Pool Corporation, has renewed its retrocession* program for the 2022 calendar year. The $3.475 billion retrocession program, plus ARPC’s net assets and the $10 billion Commonwealth guarantee, provides scheme capacity in the […]

ARPC welcomes publication of risk mitigation handbook with Standards Australia 20 Dec 2021 Dr Christopher Wallace, ARPC CEO, has warmly welcomed peak standards development body Standards Australia’s publication of the Base-building physical security handbook — Terrorism and extreme violence (HB-188). ARPC is the Project Proponent for HB-188. “The Handbook will help owners and operators of commercial buildings to […]

ARPC welcomes new Board appointment 20 Dec 2021 ARPC welcomes the Government’s appointment of David Foster as a Member. David Foster is a Brisbane-based Non-Executive Director with a diverse portfolio of Directorships and Advisory roles. “David Foster’s appointment will benefit ARPC as he has extensive financial services experience across banking, insurance, customer strategy, technology strategy, […]

ARPC welcomes draft legislation on Cyclone Reinsurance Pool 14 Dec 2021 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 […]

ARPC welcomes 2021 Triennial Review Report 14 Dec 2021 Australian Reinsurance Pool Corporation (ARPC) welcomes the final report of the 2021 Triennial Review into the Terrorism Insurance Act 2003 (TI Act), released by the Treasury. “As a result of the 2021 Triennial Review, the Treasury recommended ARPC continue to provide terrorism re/insurance covering Australian commercial and high […]

ARPC commences research study on the evolving meaning of terrorism 29 Nov 2021 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 […]

ARPC’s 2020-21 Annual Report published 22 Oct 2021 ARPC’s 2020-21 Annual Report has been tabled in Parliament. “ARPC’s Annual Report shows ARPC achieved excellent performance operationally and financially during 2020-21,” said Dr Christopher Wallace, ARPC CEO. There were 237 insurer customers covered by ARPC for terrorism risk under commercial property and business interruption policies. The […]

ARPC welcomes new Board appointment 16 Sep 2021 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 […]

ARPC’s 2021-25 Corporate Plan positions organisation for the future 30 Aug 2021 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 […]