2022 Fred Reiss Lifetime Achievement winner announced

Cyril Whitter has been announced as the winner of the 2022 Fred Reiss Lifetime Achievement Award at this year’s Bermuda Captive Conference, for his outstanding commitment and contribution to Bermuda’s captive industry.

A veteran amongst Bermuda’s insurance community, Whitter’s long-standing career in the captive insurance space has seen more than 44 years of dedicated service to clients and industry peers alike.

Whitter joined Jardine Pinehurst Management Company as an accountant specialising in the management of captive insurance companies and was appointed senior vice president-in 1991. He remained at Jardine Pinehurst until 1993 when he joined Independent Management.

Whitter’s experience in the management of insurance companies has resulted in the development of expertise in many areas including: the administration of and financial reporting for insurance companies domiciled in Bermuda, Barbados, The Cayman Islands and Hong Kong.

His experience covers many classes of insurance including property/casualty, medical malpractice, professional liability, directors & officers’ liability, group life and health, strike insurance and employment practices liability insurance.

He was appointed executive vice president of Independent Management in 2007 with responsibility for day-to-day operations. In this position he worked closely with IMLs president on new business development and company formations. Whitter was appointed president and chief executive of IML in 2009.

On receiving news of the award, Whitter said: “I am truly humbled to receive the Fred Reiss Bermuda Captive Conference Lifetime Achievement Award. I have had the honour of serving Bermuda’s captive insurance company and international business sectors for many years. The executives from these sectors have worked tirelessly to ensure that Bermuda continues to be a global leader. I am thankful that I have had the opportunity to be a part of this effort.”