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 of 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.

The award will be presented at the official opening of this year’s conference on the afternoon of Monday, June 13, at the Fairmont Southampton.

Reiss was born in Cleveland, Ohio on March 21, 1925 and died at age 68 in Bermuda on November 18, 1993. He attended Harvard University on a full scholarship. Married three times, he has five children, Steven, Larry, Claudia, Nicolette and Jonathan. As well as his industry contributions, he was known as a philanthropist who made major donations to the Bermuda Institute of Ocean Sciences (BIOS) and Saltus Grammar School, among other non-profits.