Hall to receive Fred Reiss award at captive conference

30-05-2018

Brian Hall, a former director and president of Johnson & Higgins, will receive the third Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference in June.

A graduate of Saltus Grammar School, Hall served as chair of the Bermuda College and the Insurance Advisory Committee (IAC), as well as founder and trustee advisor of the Bermuda Foundation for Insurance Studies (BFIS). He was also founding president of the Bermuda Insurance Management Association (BIMA) during a notable insurance career spanning over four decades on the island—including five years spent working directly with Reiss.

“Brian is a true pioneer in the island’s captive insurance industry,” said conference chair Mike Parrish, “and his contributions to both insurance and educational organisations in Bermuda have demonstrated his long and sincere commitment to the island and generations of Bermudians who followed him into the industry. Much of the success we enjoy as a sector today can be attributed to Bermuda-based entities he led and inspired.”

The award, launched in 2016, 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 fuelling the foundation of the island’s entire insurance industry.

“I am overwhelmed to be receiving this award and am greatly honoured to be recognised after so many years of service,” said Hall, who now lives in Virginia and will travel to Bermuda for the conference. “I am incredibly proud of my fellow Bermudians in their success in bringing Bermuda to the forefront of the captive insurance world. I knew Fred Reiss many years ago, and I am thankful for the opportunity to have started in this business with him.”

Hall helped develop the industry’s future through educational initiatives. Among his many roles and achievements, he founded BFIS in 1996 and became chairman emeritus of the non-profit, which provides opportunities for Bermudian students to gain necessary education and training to enter the insurance sector. He led the board of governors as chair of the Bermuda College.

Hall served as a board member for Renaissance Reinsurance and helped create BIMA. In 2001, Hall received a lifetime achievement award from the Bermuda Insurance Institute (BII).

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