Australia: Terrorism reinsurance pool confirms US$2.4 bln retrocession programme

Australia's terrorism insurance scheme administrator, Australian Reinsurance Pool Corporation (ARPC), has confirmed its retrocession reinsurance programme for the 2018 calendar year. The new A$3.065 billion (US$2.39 billion) retrocession reinsurance programme plus ARPC's net assets and the A$10 billion Commonwealth guarantee, provides continuing scheme capacity to pay claims of more than A$13.4 billion.

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