29 May 2018Analysis

Brian Hall named 2018 winner of captive pioneer Fred Reiss award

Brian Hall, the former director and president of Johnson & Higgins, and founding president of the Bermuda Insurance Management Association (BIMA), will receive the third Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference next month.

Introduced in 2016, the award is named after Fred Reiss, a pioneering Ohio engineer who is said to have conceived the idea of 'self-insurance', through which corporation could manage their own risks through a subsidiary. Reiss launched the first captive in Bermuda in 1962.

Hall's insurance career spans over four decades in Bermuda, including five years working directly with Reiss. He also 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).

“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.”

Hall was hired by Reiss as a captive account manager for International Risk Management. Hall then started his own firm, Inter-Ocean Management, that ran captive operations for insurance brokerage Johnson & Higgins, for which Hall was named CEO and president in 1979, and later chair.

J&H Global Captive Management grew to 17 offices and 400 employees worldwide, before merging with Marsh & McLennan in 1997.

Hall's other achievements include founding BFIS in 1996, which helps provide opportunities for students looking to enter the insurance sector. He also helped create BIMA, an association of professional insurance managers and captive that works to protect the interests of members and clients.

The Bermuda Captive Conference (June 11-13) introduced the award to celebrate the collaboration of outstanding captive insurance industry professionals.

Jill Husbands, former chairman and managing director of Marsh IAS Management Services (Bermuda), was selected as the inaugural winner.

Bermudian corporate lawyer Michael Burns was the 2017 awardee.

“I am overwhelmed to be receiving this award and am greatly honoured to be recognised after so many years of service,” said Hall. “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.”