Saturday, June 15, 2024

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Eduardo Fox recognised with Bermuda’s Fred Reiss award

Eduardo A Fox, a consultant with in Appleby’s corporate and private client and trusts practice groups, will be presented with the Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference this week.

Fox is the seventh recipient of the Award, named after Bermuda-based Ohio engineer Fred Reiss who established the jurisdiction’s first captive in 1962 and was instrumental in the market’s growth on the island.

Fox was actively involved in the negotiation and signing of Tax Information Exchange Agreements (TIEAs) with Mexico, Colombia, Argentina and Brazil which, effectively, opened the doors for business development with the region.

He was appointed a member of the Government of Bermuda’s International Treaty Team and is currently the Oficial Advisor to the Government of Bermuda on Latin American Affairs.

“It was a delightful surprise and a definite honour to receive such a prestigious recognition,” Fox said.

“I would like to profusely thank those who saw my contribution worthy of such high award, but I should like to mention that, like anything of this magnitude, it is due to the hard work and support by many in the industry and the country as a whole.

“I have been extremely lucky to be surrounded and assisted by so many great visionaries, who not only had the patience to listen to me but signed off on the great project of business-developing a new market of more than 600 million people.”

Leslie Robinson, Bermuda Captive Conference chair and senior vice president, head of underwriting and claims at Willis Towers Watson Management Bermuda, said: “Both the Bermuda Captive Conference and the Bermuda Captive Network are thrilled to bestow this year’s honoured award upon an industry veteran who has devoted over three decades to the captive insurance industry and the broader international business community in Bermuda.

“We deeply appreciate his long-standing service and unwavering dedication, which have played a pivotal role in maintaining Bermuda’s status as the preferred domicile for captives and other global business ventures.”

The Bermuda Captive Conference is being held September 11 – 13, 2023 at the Hamilton Princess Hotel & Beach Club.