Arch Reinsurance has announced the appointment of Greg Habay as Managing Director, Head of Business Development and ILS Partners Relations.
In his new role, based in New York, Habay will lead Arch Re’s Insurance-Linked Securities (ILS) business development efforts, including outreach to investors in support of ILS and third-party capital strategies.
Arch Capital has a growing business in both sharing risk with third-party investors and servicing ILS partners, such as ILS managers or investors, with fronting and risk transformation part of the offering.
The company has been helping third-party investors to directly access reinsurance risks and managing third-party capital since 2006, while it launched a fronting for ILS offering in 2019.
Commenting on Habay’s appointment Maamoun Rajeh, Chairman and CEO of Arch Worldwide Reinsurance Group, said: “I am delighted to welcome Greg to Arch Re. As our ILS platform has matured, our partners and investor base have grown in concert. Greg’s addition marks the next stage in our evolution, as we continue to build and service both new and existing relationships,”
“Building on Arch’s established history of third-party capital partnerships, we are determined to achieve an industry-leading ILS practice focused on providing our clients with a diversified pool of capital while leveraging Arch Re’s underwriting outperformance. With an exceptionally strong team already in place, adding Greg’s well-known and highly specialised expertise will help propel us as we advance to our next stage.”
Habay joins Arch from Third Point LLC where he most recently was Managing Director, Business Development and Investor Relations, a role he held for just over two years.
In this role, he led fundraising and investor engagement through multiple channels including institutional allocators globally.
Over the course of his career, Habay also held ILS business development roles at AQR Capital Management and reinsurance broking positions at JLT Re and Guy Carpenter North America.
He said: “I’m thrilled to join Arch and contribute to the continued success and expansion of its ILS, third-party capital platform. I’ve known this team for over 20 years and believe the culture of excellence and quality of underwriting combined with its customised investor partnerships provide differentiated and best-in-class risk-adjusted offerings uncorrelated to traditional asset classes.”
