Declared terrorist incident – Lindt Cafe 15 Jan 2015 ARPC wishes to advise that the Treasurer has announced the following incident as a declared terrorist incident for the purposes of the Terrorism Insurance Act 2003 (TI Act), with no reduction percentage. This announcement was made on Thursday 15 January 2015. Incident Detail Date Incident Code […]

Incident on 15 Dec 2014 – Update 6 Jan 2014 06 Jan 2015 Background ARPC administers the terrorism reinsurance scheme, providing primary insurers with reinsurance for commercial property and associated business interruption losses arising from a declared terrorist incident. The purpose of the organisation is to protect Australia from economic losses caused by terrorism catastrophe. […]

Incident on 15 Dec 2014 18 Dec 2014 An incident has occurred at: LINDT Café, Martin Place, Sydney on Monday 15 December 2014. We are saddened by the incident at the Lindt Café and our thoughts are with the families who have lost loved ones, the survivors, and everyone who has been impacted by this […]

An update on the recently tabled 2013–14 ARPC Annual Report 05 Nov 2014 Background ARPC’s Annual Report 2013–2014 was tabled in Parliament on 28 October 2014. The report details our achievements, performance and financial position for the reporting period as well as ARPC’s outlook for the year ahead. Annual report overview ARPC plays a crucial role […]

An update on the triennial review and the raising of the National Terrorism Public Alert level to high 19 Sep 2014 (Updated 23 September 2014) Background In our May 2014 Market Update, we highlighted that the Terrorism Insurance Act 2003 (TI Act) requires a review to be conducted at least once every three years that examines the […]

ARPC talks to Asia Insurance Review 20 May 2014 Dr Christopher Wallace from the Australian Reinsurance Pool Corporation discusses ARPC’s scheme, its retrocession program and the analysis from a three-dimensional blast model for the tier A locations. To read the article please visit: http://www.asiainsurancereview.com/Magazine/ReadMagazineArticle/aid/34911/Are-you-reinsured-for-terrorism-losses-in-Australia-

ARPC announces new Chief Financial Officer 20 Jan 2014 The Chief Executive Officer of the Australian Reinsurance Pool Corporation (ARPC) today announced that Ms Fran Raymond will commence with ARPC on 28 January 2014 in the role of Chief Financial Officer. Ms Raymond brings to ARPC significant experience in the Australian Public Service and a […]

Valé to inaugural CEO 07 Jan 2014 It is my sad duty to advise of the passing of Mr Neil Weeks on 23 December 2013, following a prolonged battle with cancer. Mr Weeks was the inaugural Chief Executive Officer of the Australian Reinsurance Pool Corporation (ARPC), commencing his role on 1 July 2003, the date […]

ARPC announces new Chief Executive Officer 21 Nov 2013 Ms Joan Fitzpatrick, Chair of the Australian Reinsurance Pool Corporation, today announced the appointment of Dr Chris Wallace to the role of Chief Executive Officer of the organisation. Dr Wallace will take up the position on 9 December 2013 and replaces Mr David Matcham who retired on 4 October […]

Reappointments to ARPC Board 21 Jun 2012 The Minister for Financial Services and Superannuation, Bill Shorten MP has reappointed Mr Joseph Gersh AM as Chair and Ms Jan Bowe, Mr Tom Karp and Ms Marian Micalizzi as part-time Members of the Board. Mr Gersh has been reappointed for a six month period from 1 July […]

Visiting Mongolian delegation examines reinsurance 03 Mar 2011 The Australian Reinsurance Pool Corporation is hosting a delegation of Mongolian politicians and public servants during the period 3-14 March 2011. Between 1999 and 2002, about 11.2 million head of livestock died in Mongolia due to the harsh winters and 12,000 households completely lost their livestock. Mongolia […]

ARPC appoints new Chief Financial Officer 05 Jan 2011 The Australian Reinsurance Pool Corporation (ARPC) today announced that Mr Laurence Daly will commence with ARPC on 17 January 2011 in the role of Chief Financial Officer. Mr Daly has 30 years of experience in both the public and private sector. His most recent roles include […]

ARPC announces new Chief Executive Officer 01 Oct 2010 Mr Joseph Gersh, Chairman of the Australian Reinsurance Pool Corporation (ARPC) today announced the appointment of Mr David Matcham to the role of Chief Executive Officer of the organisation. Mr Matcham will take office on 5 October 2010. Mr Matcham replaces Mr Neil Weeks who retired […]

Newsletter – Winter 2009