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Media Releases

ARPC farewells Member Karen Payne

Posted on 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 was also appointed as the Inspector-General of Taxation and Taxation Ombudsman for a...
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ARPC 2019-2020 Annual Report published

Posted on 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 Scheme had funding capacity for claims of $13.7 billion. This capacity was provided...
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ARPC releases cyber terrorism research findings at webinar

Posted on 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 included identifying and exploring current and prospective threats, plausible scenarios and the practicalities of...
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ARPC’s Cyber Terrorism Research and Insurance Seminar goes online

Posted on 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 of ARPC’s ground-breaking cyber terrorism research project, titled: ‘Insurance Risk Assessment of Cyber Terrorism in Australia’.  “A...
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ARPC Annual Report awarded Silver in Australasian Reporting Awards

Posted on 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 Annual Report, the first year ARPC entered the awards. “We are really pleased to receive Silver...
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ARPC Board appointments update

Posted on 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 having completed his term as a Member on 4 October 2019. The...
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Standards Australia Risk Mitigation Handbook draft open for public comment

Posted on 26 Mar 2020
Dr Christopher Wallace, Australian Reinsurance Pool Corporation Chief Executive, has welcomed peak standards development body Standards Australia’s opening of the public comment period for the Physical Protective Security Controls for Buildings Handbook (HB-188). ARPC is the Project Proponent for HB-188. “We strongly encourage ARPC insurance industry and government stakeholders to participate in the public comment period for the Handbook draft,” said...
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ARPC’s 2020 retrocession program helps cover the Australian economy against terrorist attacks

Posted on 06 Feb 2020
Australia’s terrorism insurance scheme, Australian Reinsurance Pool Corporation, has renewed its retrocession reinsurance program for the 2020 calendar year. The $3.45 billion retrocession reinsurance program, plus ARPC’s net assets and the $10 billion Commonwealth guarantee, provides scheme capacity in the event of a declared terrorism incident, against commercial and eligible property assets of just under $14 billion.   “ARPC’s retrocession program...
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