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 […]

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, […]