Jill Husbands, chairperson and managing director of Marsh IAS Management Services (Bermuda), was named recipient of the inaugural Fred Reiss Lifetime Achievement Award, to be presented at the Bermuda Captive Conference on June 13-15.
Husbands joined Marsh in 1984 and was responsible for a portfolio of captive companies. She gained experience in the Bermuda and London Markets as an underwriter and broker and has held various positions at Marsh including being named chairperson this year. She is part of the Insurance Advisory Committee (IAC) and chairs 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 honours Fred Reiss, an engineer from Ohio who came up with the idea of ‘self-insurance’ where companies could manage their own risks through a dedicated subsidiary. Starting with American steel companies, Reiss grew the concept in Bermuda, launching the first captive in 1962. The sector grew exponentially the next five decades, distinguishing Bermuda as a world leader in captives and becoming one of the pillars of the island’s insurance industry.
Husbands will be presented with the award at the opening ceremony of the conference on June 13 at the Fairmont Southampton.
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