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Media Releases

CEO contract renewed

Posted on 21 Jul 2016
Australia’s terrorism reinsurance scheme, Australian Reinsurance Pool Corporation (ARPC), is pleased to announce that its Board has renewed ARPC Chief Executive Dr Christopher Wallace’s appointment under the Terrorist Insurance Act 2003. Dr Wallace has served as ARPC CEO since November 2013.“The Board’s unanimous view is that Dr Wallace’s leadership of ARPC has been of a very high calibre,” says ARPC...
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ARPC Board update

Posted on 07 Jul 2016
Australian Reinsurance Pool Corporation (ARPC) announced the completion of Ms Marian Micalizzi’s term as a Member of the ARPC Board on 30 June 2016.Marian was appointed as an inaugural member of the Board on 1 July 2003, at the time of ARPC’s inception, and has been ARPC’s longest serving Board member.“Marian Micalizzi has been a Member of the ARPC Board since the...
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ARPC announces new appointments

Posted on 19 Apr 2016
Dr Chris Wallace, Chief Executive Officer of the Australian Reinsurance Pool Corporation, (ARPC) has today announced three senior appointments including: John Park as Chief Financial Officer; Joshua Everson as General Manager – Governance, Risk and Compliance; and Alison Savary as Manager – Finance. The appointments will complete the transfer of ARPC’s office from Canberra to Sydney.John Park was most recently...
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Cyber-attacks on business threaten data, property and economy

Posted on 18 Mar 2016
Cyber attacks on Australian businesses not only threaten data, they have the potential to physically damage property and infrastructure, and therefore the wider economy, according to presentations made at a recent ANZIIF & Finity Cyber Risk Seminar in Sydney.  Seminar presenters included leading cyber risk and insurance experts such as Clive Lines, Deputy Director, Australian Signals Directorate; Christopher Mackinnon, Lloyd’s...
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ARPC welcomes Northern Australia Insurance Premiums Taskforce report

Posted on 14 Mar 2016
The Australian Reinsurance Pool Corporation welcomes the Final Report of the Northern Australia Insurance Premiums Taskforce released by the Minister for Small Business and Assistant Treasurer, the Hon Kelly O’Dwyer MP on 04 March. The Taskforce was established to explore the feasibility of options to reduce insurance premiums in northern Australia, where cyclone risk has caused affordability concerns. Dr Christopher...
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ARPC’s retrocession program helps cover Australian economy against terror attacks

Posted on 16 Feb 2016
Australia’s terrorism reinsurer, the Australian Reinsurance Pool Corporation, has successfully renewed its retrocession program for the 2016 calendar year. The new $2.9 billion retrocession program plus ARPC’s capital and the $10 billion Commonwealth Guarantee, increases scheme capacity to more than $13.4 billion and requires $3.4 billion in insured losses before the Commonwealth Guarantee is exposed to claims from terrorism events.“ARPC...
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Premiums Direction 2015

Posted on 23 Dec 2015
Kelly O'Dwyer, Minister for Small Business and Assistant Treasurer, has provided a Ministerial Direction under the Terrorism Insurance Act 2003 to the Australian Reinsurance Pool Corporation outlining reinsurance premium increases and detailing how they will be calculated.
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2015 ARPC Triennial Review report released

Posted on 15 Dec 2015
The final report of the 2015 Triennial Review into the Australian Reinsurance Pool Corporation has been released today by the Treasury. ARPC CEO Dr Christopher Wallace welcomed the Review report and the certainty it provides for the ARPC and for the administration of terrorism risk insurance in Australia. “Treasury commissioned an extensive review of the global terrorism insurance market and...
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