XL Group announced that Ms 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.
MsMadeiros 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.
Her responsibilities 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.
MsMadeiros 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.