XL Group has announced the appointment of Leila Madeiros as Head of Compliance & Regulatory Affairs, Bermuda, she joins from a role as Senior Vice President, Deputy Director and Corporate Secretary of the Association of Bermuda Insurers and Reinsurers (ABIR).
Madeiros joins in April and reports to Sean McGovern, XL Group’s Chief Compliance Officer & Head of Government & Regulatory Affairs, and will be a member of his leadership team.
In her new role, she’ll head up 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 the ABIR.
Commenting on the appointment, McGovern said; “I am thrilled that Leila will be joining us as we build out our global Compliance and Regulatory & Government Affairs capabilities. 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.”
In addition, Madieros will work as part of XL Group’s team on international regulatory and policy issues.
In her 12 year tenure with the ABIR, Madeiros managed ABIR’s policy development work related to Bermuda’s efforts to ensure that the BMA’s regulatory regime is equivalent to international standards.
Prior to joining the ABIR, Madeiros was the Deputy Director of Policy, Research and Communications at the Bermuda Monetary Authority (BMA) directing the formulation and dissemination of appropriate policies, strategies and information for the BMA.
She has also served in various roles as a Bermuda insurance regulator with the Registrar of Companies Department.
