Arch Re looks to expand ILS practice
Arch Reinsurance is aiming to build an industry-leading insurance linked securities practice by boosting its business development of the sector.
Arch Re made the commitment as it announced the appointment of Greg Habay as managing director, head of business development and ILS partners relations.
The Bermuda-based company said Habay will be responsible for leading Arch Re’s ILS business development efforts, including outreach to investors in support of ILS and third-party capital strategies. He is based in New York.
“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,” said Maamoun Rajeh, chairman and CEO of Arch Worldwide Reinsurance Group.
“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 where he was managing director, business development and investor relations. In this role, Habay led fundraising and investor engagement through multiple channels including institutional allocators globally. Over the course of his career, Habay held ILS business development roles at AQR Capital Management and reinsurance broking positions at JLT Re and Guy Carpenter North America.
“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 customized investor partnerships provide differentiated and best-in-class risk-adjusted offerings uncorrelated to traditional asset classes,” Habay said.