Oyster Consulting (Bermuda) Chairman Receives Lifetime Achievement Award

By Libby Hall

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Brian R. Hall, OBE, received the Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference in June, 2018.  A former director and president of Johnson & Higgins, he is credited with taking the island’s captive insurance industry to global relevance.

Hall also served as chair of the Bermuda College and the Insurance Advisory Committee (IAC), as founder and trustee advisor of the Bermuda Foundation for Insurance Studies (BFIS), and as founding president of the Bermuda Insurance Management Association (BIMA) during his notable insurance career spanning over four decades on the island.

“Brian is a true pioneer in the island’s captive insurance industry,” said Conference Chair Mike Parrish, “and his contributions to both insurance and educational organisations in Bermuda have demonstrated his long and sincere commitment to the island and generations of Bermudians who followed him into the industry. Much of the success we enjoy as a sector today can be attributed to Bermuda-based entities he led and inspired.”

Born near Manchester, UK, Hall moved to Bermuda in 1958.  At age 17 he began working for a nascent American International Group (AIG). Six years later, he became a captive manager at International Risk Management and later launched his own captive management company, Inter-Ocean Management, which the following year began running captive operations for global insurance brokerage Johnson & Higgins, for which he was named CEO and president in 1979, and later chair. J&H Global Captive Management grew to 17 offices and 400 employees worldwide, before merging with Marsh & McLennan in 1997.

Hall also helped develop the industry’s future through educational initiatives. Among his many roles and achievements, he founded BFIS in 1996 and became Chairman Emeritus of the non-profit, which provides opportunities for Bermudian students to gain necessary education and training to enter the insurance sector. He led the Board of Governors as chair of the Bermuda College and was nominated by Bermuda’s government to receive an Officer of the Most Excellent Order of the British Empire (OBE) by the Queen in 1998, for his services to the insurance industry.

Hall also served as a board member for Renaissance Reinsurance and helped create BIMA, today the captive sector’s primary industry organisation. In 2001, Hall received a lifetime achievement award from the Bermuda Insurance Institute (BII).

Today, he remains professionally connected to Bermuda through partnership with Oyster Consulting Bermuda, a company that delivers compliance and other services to financial industry clients.

Related Article – The Royal Gazette, June 14, 2018