XL Group has revealed that Leila Madeiros, senior vice president, deputy director and corporate secretary of the Association of Bermuda Insurers and Reinsurers (ABIR), will join the company in April as head of compliance & regulatory affairs, Bermuda.
She will report to Sean McGovern, XL Group's chief compliance officer & head of government & regulatory affairs and will be a member of his leadership team.
According to the company, her duties will include providing both strategic and operational compliance and regulatory affairs support to XL Group in Bermuda, leading the Company's interactions with its group supervisor – the Bermuda Monetary Authority (BMA), and supporting engagement within ABIR. She will also work as part of XL Group's team on international regulatory and policy issues.
Madeiros has worked for ABIR for the past 12 years. During that time she led ABIR's efforts in Bermuda, specifically managing ABIR's policy development work related to Bermuda's efforts to ensure that the BMA's regulatory regime is equivalent to international standards. In particular, she led ABIR's efforts with regard to the Bermuda Solvency II equivalency project.
“I am thrilled that Leila will be joining us as we build out our global compliance and regulatory & government affairs capabilities,” said McGovern. “Leila is highly regarded for her experience and wealth of knowledge of the Bermuda market and international regulation and policy. We look forward to her strengthening the solid relationships that we have established over the years with regulators and policymakers in Bermuda and internationally.”
Before she joined ABIR Madeiros was the deputy director of policy, research and communications at the BMA directing the formulation and dissemination of appropriate policies, strategies and information for the BMA.
XL Group, Bermuda, ABIR, Leila Madeiros, Appointment, Insurance, Reinsurance, Compliance, Regulatory affairs