15 June 2016Bermuda analysis

Marsh’s Husbands awarded lifetime achievement award

Jill Husbands, the chairman and managing director of Marsh IAS Management Services (Bermuda), was awarded the inaugural Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference.

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 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 thrilled and honoured to be selected as the winner of the inaugural Fred Reiss Lifetime Achievement Award,” said Husbands.

“I have loved my 32 years in the captive insurance industry and have witnessed many changes, innovations and significant growth in our sector.

“It is gratifying to be recognised by my peers and I am especially proud to win an award that pays tribute to the founding father of our industry.”