October 01, 2008 08:01 AM Eastern Time 

Collins Adds to New York Broker Force to Seize “Growth Opportunities” in Northeast

NEW YORK--(BUSINESS WIRE)--Gregory Habay, a New York-based reinsurance broker, has joined Collins as senior vice president, Robert Kimmel, executive vice president and co-leader of Collins’ broker force, announced today.

“We’ve had great success in the Northeast, yet it’s a region with many potential growth opportunities for our firm,” Kimmel said. “In the Northeast and elsewhere, we aggressively seek business among insurers and other clients who expect great service and creative thinking from their reinsurance brokers.”

“Greg, with his energy and excellent business acumen, is a strong addition to the broker team in our New York office,” Kimmel added.

Habay most recently was a vice president and property-casualty reinsurance broker at Guy Carpenter & Company in New York City, where he regularly advised large and mid-sized insurance company clients on capital solutions and reinsurance purchasing decisions. He also has worked in the New York offices of International Business Machines, Merrill Lynch & Co. Inc. and The Constantin Group.

Habay holds a bachelor’s degree in Finance from New York University’s Stern School of Business. He also is a founding member of the U.S. Reinsurance Under 40s Group, a group of young professionals organized to provide educational, social and networking opportunities for members of the reinsurance industry within the U.S.

Collins, established in 1987, serves clients in the property-casualty, life, and accident & health insurance markets. Headquartered in Minneapolis, it has offices across the United States as well as in London and in Bermuda. It has recorded a compound annual growth rate of over 20 percent since 1995.

The privately-held company provides reinsurance brokerage services, risk transfer advice and analytical services to insurers, reinsurers, managing general agents and others in the insurance marketplace. Those services include catastrophe modeling, actuarial analysis, dynamic reinsurance modeling and financial consulting. Additional information is available at the company’s website, www.collins.com.