The Australian Reinsurance Pool Corporation (ARPC) has appointed former Lumley chief David Matcham to the role of CEO.

Mr Matcham, who takes over from Neil Weeks tomorrow, spent more than 32 years at Lumley – 10 of them as CEO – before he left in June 2009.

The ARPC was established by the Federal Government in 2003 in response to the withdrawal of terrorism cover by insurers.

A spokesman for the ARPC told insuranceNEWS.com.au Mr Matcham will be “spending his time in both the Sydney and Canberra ARPC offices each week and not based in one place”.

The industry veteran held various positions across all business lines at Lumley and was appointed MD in 1999 and CEO in 2003.

He is currently the chairman of the Create foundation, the peak body for children in care, and a director of Hollard Insurance.

Mr Weeks, a former CEO of the Territory Insurance Office, retired in July. He had been with the ARPC since it was established.