2015 Bermuda:Re/insurance+ILS 35


Why did you choose to work in this industry initially?


I think it chose me. I had just finished my graduate degree and was looking to enter the business world when I noticed an ad in the local paper for an entry level position in a large captive company of a multinational oil company. I applied and got the job and spent the first couple of years buried under boxes of claims files working on a special project but it was an incredibly good experience which allowed me to learn so much and interact with insurance experts. It was a kind of learn on the job experience.


I was sent to work in their London office for four years and that


proved to be a pivotal point in my career where I knew that insurance/ reinsurance was where I wanted to make my career.


What has been the highlight of your career so far? Leila Madeiros


Job: Senior vice president, deputy director and corporate Company: Association of Bermuda Insurers and Reinsurers (ABIR)


Career path


2011—Senior vice president, deputy director and corporate secretary, ABIR


2009—Senior vice president & Corporate secretary, ABIR 2006—Vice president, ABIR


Leila Madeiros is the senior vice president, deputy director and corporate secretary of the Association of Bermuda Insurers and Reinsurers (ABIR). Madeiros leads ABIR’s efforts in Bermuda, specifically managing ABIR’s policy development work related to Bermuda’s efforts to ensure that the Bermuda Monetary Authority’s (BMA) regulatory regime is equivalent to international standards.


She also serves as ABIR corporate secretary involving her in every


aspect of the association’s work including corporate organisation, government and industry relations and financial management. Madeiros leads the association’s outreach to the Bermuda community helping to encourage Bermudians interested in employment in the international insurance sector.


Prior to joining 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. Madeiros also served in various capacities as a Bermuda insurance regulator with the Registrar of Companies Department (prior to 2002, the agency charged with insurance supervision). Madeiros developed her insurance expertise working at Heddington Insurance in Hamilton and London before becoming an insurance regulator.


Madeiros earned a Master’s in Management from Webster


University, St Louis (Bermuda campus) and BA in Business Administration from Cedarville University (Ohio, USA).


The highlight of my career really is the amazing opportunity to work daily with the champions and leaders of our industry and to be part of an organisation that not only represents the interests of its members on the world stage but Bermuda as well.


What has been the biggest challenge you have encountered?


We have witnessed the comprehensive impact of increased regulation since the financial crisis in 2008 and the variations in our marketplace that have amplified the need to keep pace with the change. We need to be ever mindful and on one’s toes so to speak to avoid being caught off guard. Bermuda may be considered an isolated oceanic island geographically, but with the presence of internationally active insurance and reinsurance groups generating income from over 150 countries, there are global initiatives that are running concurrently which must be carefully and appropriately monitored, addressed and responded to if we are to be successful in maintaining the success of the Bermuda marketplace.


If you had chosen a different profession/career path, what would it have been?


It probably would have been teaching. I love to learn and to share with others what I know. I have been incredibly blessed in my life to have those who have invested in my life and taken the time to share their knowledge and to challenge me. I have been involved in this industry for almost 30 years and I am always learning. ■


“We need to be ever mindful and on one’s toes so to speak to avoid being caught off guard.”


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