ARPC releases results of inaugural Insurer Customer Survey 07 Jul 2021 Australian Reinsurance Pool Corporation today released the results of ARPC’s first survey of its insurer customer stakeholders conducted by ORIMA Research. Overall, the survey results indicated that ARPC is largely delivering on its vision, is a valuable and important partner, a trusted expert and […]

ARPC welcomes 2021 Triennial Review 02 Jul 2021 Australian Reinsurance Pool Corporation (ARPC) has welcomed the terms of reference for the 2021 Triennial Review of the Terrorism Insurance Act 2003 (TI Act), which will be conducted by The Treasury. The TI Act requires that a review be conducted at least once every three years to test whether […]

ARPC Board appointments update 25 Jun 2021 Australian Reinsurance Pool Corporation has welcomed the Government’s appointment of Elaine Collins as a Member for a further three-year term and the new appointment of Jan van der Schalk as a Member. We would like to thank Janet Torney and John Peberdy for their service to ARPC. Their […]

Cyclone Reinsurance Pool Taskforce – Consultation paper and registration for updates 21 May 2021 The Treasury has commenced a Cyclone Reinsurance Pool Taskforce to consult with industry and community representatives, as well as other interested stakeholders, and develop a final design for the reinsurance pool. On 4 May 2021, the Government announced its intention to […]

ARPC ready to support new reinsurance pool 04 May 2021 ARPC welcomes the Prime Minister’s announcement to establish a reinsurance pool scheme for cyclone and cyclone disaster flooding events. ARPC stands ready to support the Treasury Department as it completes the detailed design of the new scheme. With deep experience running a Government-backed reinsurance pool, […]

Research quantifies financial cost of business interruption linked to exclusion zones 09 Apr 2021 Business interruption losses are highly sensitive to the size of an exclusion zone set up by emergency responders after a major disruptive event, such as a terrorism incident or other civil commotion, according to new research by Australian Reinsurance Pool Corporation. […]

ARPC’s retrocession program builds terrorism scheme’s capital strength and helps cover the economy against terrorist attacks 19 Feb 2021 Australia’s terrorism insurance scheme, administered by the Australian Reinsurance Pool Corporation, has renewed its retrocession reinsurance program for the 2021 calendar year. The $3.475 billion retrocession reinsurance program, plus ARPC’s net assets and the $10 billion […]

ARPC appoints General Manager, Governance and Compliance 18 Feb 2021 Dr Christopher Wallace, Chief Executive of Australian Reinsurance Pool Corporation (ARPC), has announced the appointment of Samantha Lawrence as General Manager, Governance and Compliance. Ms Lawrence is a skilled governance professional with more than 15 years’ experience in board secretary roles, including substantial experience supporting […]

Aon appointed as ARPC reinsurance broker 17 Feb 2021 ARPC conducted a scheduled tender for the provision of reinsurance broking services. As a result of that process, Aon has been appointed and will commence from 1 April 2021. Mr Mike Pennell PSM, ARPC’s Chief Underwriting Officer will oversee the transition-in and commencement of broking services to ARPC […]

ARPC farewells Member Karen Payne 06 Nov 2020 Ian Carson AM, ARPC Chair, has thanked Karen Payne for her service to ARPC, following completion of her term as Member on 4 October 2020. She was first appointed to the ARPC Board on 5 October 2017. In May 2019, during her term with ARPC, Karen Payne […]

ARPC 2019-2020 Annual Report published 20 Oct 2020 ARPC’s 2019-2020 Annual Report has been tabled in Parliament. “The Report showcases strong operational and financial performance during the financial year,” said Dr Christopher Wallace, ARPC CEO. There were 227 insurer customers covered by ARPC for terrorism risk for commercial property and business interruption policies. The ARPC […]

ARPC releases cyber terrorism research findings at webinar 09 Sep 2020 Australian Reinsurance Pool Corporation has launched the findings of its cyber terrorism research project titled ‘Insurance risk assessment of cyber terrorism in Australia’ at ARPC’s Cyber Terrorism Research and Insurance Webinar. The Webinar, held on Thursday, 3 September, had 135 attendees. The scope of the research […]

ARPC’s Cyber Terrorism Research and Insurance Seminar goes online 13 Jul 2020 Australian Reinsurance Pool Corporation has announced that its Cyber Terrorism Research and Insurance Seminar has been brought forward to Thursday, 3 September starting at 4pm AEST, with the format changed to a Webinar. ARPC’s Cyber Terrorism Research and Insurance Webinar will showcase the findings […]

ARPC Annual Report awarded Silver in Australasian Reporting Awards 08 Jul 2020 Australian Reinsurance Pool Corporation is proud to announce that its 2018-19 Annual Report has been awarded Silver in the 2019 Australasian Reporting Awards (ARA). The 2019 Silver Award for ARPC’s 2018-19 Annual Report builds on the 2018 Bronze Award received for the 2017-18 […]

ARPC Board appointments update 28 Apr 2020 Australian Reinsurance Pool Corporation has welcomed the Government’s reappointment of Ian Carson AM as ARPC Chair, Robin Low as a Member and the new appointment of Maria Fernandez PSM as a Member. We also take this opportunity to thank Michael Callaghan AM PSM for his service to ARPC […]