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Media Releases

Declared terrorist incident – Lindt Cafe

Posted on 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 Reduction Percentage Lindt Café, Martin Place, Sydney 15 December 2014 141 not applicable *...
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Incident on 15 Dec 2014 – Update 6 Jan 2014

Posted on 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. What can happen next? If the Martin Place siege is declared as a terrorist incident the insurance company...
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Incident on 15 Dec 2014

Posted on 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 tragic event. The incident is currently being investigated by the relevant authorities. Please...
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ARPC talks to Asia Insurance Review

Posted on 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-
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ARPC announces new Chief Financial Officer

Posted on 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 strong network in government finance. Her most recent role includes Chief Financial Officer of...
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Valé to inaugural CEO

Posted on 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 the Terrorism Insurance Act 2003 was implemented. In collaboration with the Insurance...
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ARPC announces new Chief Executive Officer

Posted on 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 2013 at the end of his three year term. Dr Wallace is currently the...
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Reappointments to ARPC Board

Posted on 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 2012 to 31 December 2012. Ms Jan Bowe, Mr Tom Karp and...
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