Hall of Famers

We’re delighted to report on the three insurance leaders announced by the International Insurance Society (IIS) as the 2007 winners of the Insurance Hall of Fame awards. Two of the three, Robert Clements and Frederic Reiss (1924-1993), are renowned as pioneers in the alternative risk transfer (ART) field. Mr. Clements, now chairman of insurance broker Integro as well as interim chairman and co-founder of post-Katrina Bermuda start-up Ironshore Insurance Ltd, is considered the father of the Bermuda insurance market where he led the development of ACE and XL. Frederic Reiss, founder of the International Risk Management Group, coined the term “captive insurer” and was the first person to popularize the insurance captive movement. In doing so he helped establish Bermuda as a center for captive domicile companies. Last but certainly not least, the third 2007 Hall of Fame inductee is Josà © Manuel Martà ­nez, chairman and chief executive officer of MAPFRE, Spain’s largest insurance group and now the largest non-life insurer in Latin America. During his tenure, MAPFRE evolved from a local market leader to a large international group. For further info, check out a recent presentation on the world‚ of captive insurance‚ from  I.I.I. president and chief economist Dr. Robert Hartwig. Also, the I.I.I.’s‚  International Fact Book.

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