Lifetime Achievement Award

The Fred Reiss Lifetime Achievement Award, launched in 2016, is named for a pioneering Bermuda-based Ohio engineer who conceived of the idea of “self-insurance.” In 1962, Reiss created the world’s first captive as a dedicated subsidiary through which a corporation could manage its own risks. Starting with American steel companies, Reiss pursued the concept in Bermuda and the sector recorded exponential growth over subsequent decades, fueling the foundation of the island’s global insurance market.

The conference award celebrates Bermuda figures who have had an outstanding impact on the captive insurance industry. Jill Husbands, former chairman and managing director of Marsh IAS Management Services (Bermuda), was the inaugural winner; Michael Burns, a leading Bermudian corporate lawyer, was the 2017 awardee, while Brian R Hall, OBE, a former director and president of Johnson & Higgins won in 2018. The award is presented at the official opening of the conference.