Bermudian-based Arch Reinsurance has appointed Greg Habay as managing director, head of business development and ILS partners relations.

In this role, Mr Habay will be responsible for leading Arch Re’s insurance-linked securities 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.

Mr Habay joins Arch from Third Point LLC, where he was managing director, business development and investor relations.