Bermudian insurance industry veteran Brian Hall received the Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference.

Mr Hall was a prime mover in establishing the island as the global leader in captive insurance.

Walter Roban, the Deputy Premier and Minister of Transport and Regulatory Affairs, presented the award to Mr Hall at the Fairmont Southampton Resort.

Mr Hall is a Bermudian, who was born in the UK and moved to Bermuda at a young age in 1958. He got a job with AIG at the age of 17 and was then hired by Fred Reiss as a captive account manager for International Risk Management in 1964.

Mr Hall later launched his own firm, Inter-Ocean Management, that began running captive operations for global insurance brokerage Johnson & Higgins. He was named CEO and president in 1979, and later chairman. J&H Global Captive Management grew to 17 offices and 400 employees worldwide.

Mr Hall founded the Bermuda Foundation for Insurance Studies in 1996 and became its chairman emeritus. He also led the board of governors as chairman of the Bermuda College.

He was awarded an OBE for his services to the insurance industry.

Mike Parrish, the conference chairman, said: “Brian is a true pioneer in our captive industry. His contributions to both insurance and educational organisations in Bermuda have demonstrated his long and sincere commitment to the island — and to generations of Bermudians who have followed him into the industry.

“Indeed, much of the success we enjoy as a sector today can be attributed to Bermudian-based entities he led and inspired.”

Mr Roban also participated in an honours ceremony that recognised 11 corporations who have held a captive insurance company in Bermuda for more than a quarter of a century.

They join an additional 200 such companies who had already been elevated to Bermuda’s Captive Hall of Fame.