Chris Wallace will become Australian Reinsurance Pool Corporation CEO from December 9.

Dr Wallace, currently GM Benefits Management with health insurer HCF, has more than 25 years’ experience in general insurance, workers’ compensation and health cover.

He has a doctorate in economics, specialising in insurance pricing and strategy, and is a fellow of the Australian and New Zealand Institute of Insurance and Finance.

Dr Wallace replaces David Matcham, who completed a three-year term on October 4.

The Federal Government established the corporation in 2003 following the withdrawal of terrorism cover by insurers.