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 the Terrorism Insurance Act 2003 was implemented. In collaboration with the Insurance Council of Australia, Mr Weeks was instrumental in developing the standard insurance agreement for insurers, which has remained largely unchanged since 2003. Through his early representations to the industry, both in Australia and overseas, Mr Weeks provided advice on the role and functions of ARPC, clarifying the application of the scheme and the nature of reinsurance offered by ARPC. His efforts ensured that the scheme was well known and understood in the marketplace, establishing the cooperative industry relationship that remains today. Mr Weeks retired from ARPC in July 2010. The Board, Management, and staff of ARPC extend their sincere condolences to his wife and children.
Dr Chris Wallace
Chief Executive Officer