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Media Releases

ARPC welcomes new Board appointment

Posted on 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, risk management and governance,” said Dr Christopher Wallace, ARPC CEO. “He will be...
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ARPC welcomes publication of risk mitigation handbook with Standards Australia

Posted on 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 identify and assess building risks linked to terrorism and other acts of extreme violence, and to...
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ARPC welcomes draft legislation on Cyclone Reinsurance Pool

Posted on 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 4 May 2021, the Government announced its intention to establish a reinsurance pool for cyclones and...
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ARPC welcomes 2021 Triennial Review Report

Posted on 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 value residential property,” said Dr Christopher Wallace, ARPC Chief Executive. “This will...
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ARPC commences research study on the evolving meaning of terrorism 

Posted on 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 focused on terrorism, will research how formal definitions of terrorism might evolve over time as experience emerges with...
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ARPC’s 2020-21 Annual Report published

Posted on 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 pool had funding capacity for claims of $13.7 billion. This capacity was...
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ARPC welcomes new Board appointment

Posted on 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 experience across the insurance, superannuation, energy, water, transport and health sectors. She is...
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ARPC’s 2021-25 Corporate Plan positions organisation for the future

Posted on 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 performance areas to measure the delivery of its strategic priorities: provide reinsurance for eligible terrorism losses; encourage...
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