11 captives admitted to Bermuda hall of fame

The Bermuda Captive Conference has admitted 11 captive insurance companies to Bermuda's Captive Hall of Fame after completing 25 years of business from the island.

The Hall of Fame was created in 2016 to highlight captive entities that reach this quarter-century milestone. Over 200 Bermuda-based entities now share the honour.

The inductees that will be celebrated at next week's conference, held June 11-13, include: Comerica Assurance, Griffin Insurance Co, ICW, Pennsylvania Manufacturers’ International Insurance, Surrey Reinsurance Company, Traders Insurance, Tyson International Company, VMC Indemnity Company, Windsor Insurance Company, XPO Bermuda Captive (formerly Con-way Insurance Company), and GIG Reinsurance Company.

“Our Captive Hall of Fame not only is a tribute to companies that have made a significant contribution to the island’s economy, community and reputation, but also reflects the evolution of Bermuda’s globally significant insurance market,” said conference chair Mike Parrish. “It’s a testament to the spirit of innovation that is the foundation of this industry.”

Another significant commendation presented at the event is the Fred Reiss Lifetime Achievement Award, which this year goes to Bermudian Brian Hall.