Leila Madeiros is to join XL Group as head of compliance and regulatory affairs, Bermuda.

A veteran of the industry umbrella organisation the Association of Bermuda Insurers and Reinsurers, Ms Madeiros will join the global insurer and reinsurer in April.

Ms Madeiros, a Bermudian, has worked with Abir for 12 years and is its deputy director and corporate secretary.

In her new role, she will report to Sean McGovern, XL Group’s chief compliance officer and head of government and 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.

She will also work as part of XL’s team on international regulatory and policy issues.

During her time with Abir, Ms Madeiros has led its efforts in Bermuda, specifically managing its 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.

Mr McGovern said: “I am thrilled that Leila will be joining us as we build out our global compliance and regulatory and 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.”

Before joining Abir, Ms 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.

She also served in various capacities as a Bermuda insurance regulator with the Registrar of Companies Department, which before 2002 was the agency charged with insurance supervision in Bermuda.

She developed her insurance expertise working at Heddington Insurance Ltd in Hamilton, Bermuda and London, UK before becoming an insurance regulator. She has a Master’s degree in management from Webster University, St Louis (Bermuda campus) and Bachelor of Arts in Business Administration from Cedarville University in Ohio, US.