Life Time Achievement Award
Jill Husbands, the Chairman and Managing Director of Marsh IAS Management Services (Bermuda) Ltd., has been selected the winner of the inaugural Fred Reiss Lifetime Achievement Award, to be presented at this month’s Bermuda Captive Conference (June 13-15).
Husbands joined Marsh in 1984 as an insurance officer with responsibility for a diverse portfolio of captive companies after gaining experience in both the Bermuda and London markets as an underwriter and broker. Since then, she has held various positions at the company and was named Chairman this year. She is a member of the Insurance Advisory Committee (IAC) and is Chair of the Board of Governors of the Bermuda College.
“Jill is an incredibly deserving recipient of this first-time award to mark Fred’s legacy, “said conference Chair David Gibbons. “Her contribution to this conference, our industry, and Bermuda as a whole has been invaluable and, like Fred himself, she is a remarkable professional who has set an example for all of us in this industry.”
The award is named in honour of Reiss, a pioneering Ohio engineer who conceived of the idea of “self-insurance.” by which corporations could manage their own risks through a dedicated subsidiary. Starting with American steel companies, Reiss pursued the concept in Bermuda, launching the first captive in 1962. The sector recorded exponential growth over the next five decades, distinguishing Bermuda as the world captive leader and fueling the foundation of the island’s entire insurance industry.
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