Two new leadership appointments have been announced by the Association of Bermuda Insurers & Reinsurers (ABIR), including the addition of RenaissanceRe’s (RenRe) Edward Mishambi as Chair of the association’s Policy Committee.
The Policy Committee reviews insurance regulation in both Bermuda and abroad, international regulatory standards, public policy in Bermuda, U.S. natural disaster policy and regulation, and also ABIR’s policy standings on climate risk adaption and mitigation, which is growing in importance.
Mishambi joined RenRe in 2009 and currently serves as Senior Vice President (SVP), Head of Qualitative Risk Management & External Supervisory Affairs at RenRe. In this role, he is responsible for leading several parts of Enterprise Risk Management.
ABIR has also revealed that Gemma Carreiro, who serves as General Counsel to Hamilton Insurance Group, has been appointed as Deputy Chair of the Policy Committee.
Mishambi and Carreiro succeed Leila Madeiros, Head of Bermuda Compliance and Regulatory Affairs for AXA XL.
President and Chief Executive Officer (CEO) of AXIS Capital and current Chair of ABIR, Albert Benchimol, said: “Edward and Gemma are highly regarded for their wealth of industry expertise in public policy matters affecting the Bermuda market. Their current, global executive positions at RenaissanceRe and Hamilton Insurance Group make them uniquely qualified to serve Bermuda and ABIR in these leadership roles.”
John Huff, President & CEO of ABIR, added: “The ABIR Board and member companies are thankful to Leila for her technical leadership to achieve and maintain the recognition of Bermuda under US, EU and international regulatory regimes. She was also instrumental in raising the profile of the Bermuda market’s role in the important work ahead, including closing the insurance protection gap caused in part by the increased severity and frequency of climate risk.”
