The reshuffle covers the board that oversees Australia's terrorism and cyclone reinsurance pools, with new and reappointed members holding terms through 2028 and 2030.
Premiums for medium-to-high risk homes dropped and quote success rates rose, but lowest-risk areas saw a 31% premium rise driven by broader market forces.
Narelle 2, Fina, and Koji were the season’s largest declared events by estimated ultimate loss, with ARPC citing complex, geographically dispersed impacts.