ABIR Welcomes Bermudian Suzanne Williams as Director of Policy & Regulation; Thanks Leila Madeiros for Her Service
Hamilton, Bermuda (March 27, 2018) – At its quarterly board meeting, the Association of Bermuda Insurers and Reinsurers (ABIR) announced Suzanne Williams as its new Director of Policy and Regulation, beginning in May 2018.
Ms. Williams joins ABIR with nearly 22 years of industry leadership. She presently serves as Head of Reinsurance Compliance at Hiscox Re in Bermuda. Suzanne has over a decade of regulatory experience in increasing roles of responsibility at the Bermuda Monetary Authority (BMA), culminating in her role as Deputy Director of Insurance Supervision. In this role, she directed both group and solo entity level supervision, undertaking risk-based supervision of all commercial regulated entities in the insurance sector. While at the BMA, she also served in leadership roles in areas of Licensing & Authorizations and Restoration, Run-off Review & Monitoring. Suzanne also represented the BMA at working groups of the International Association of Insurance Supervisors (IAIS).
Prior to her regulatory career, Suzanne served with KPMG in senior audit and audit manager positions. She holds a Bachelor of Arts, Business Administration degree from Clark Atlanta University in Atlanta, Georgia, is a certified public accountant and has achieved several insurance industry designations.
“Suzanne Williams’ industry and regulatory experience make her a solid addition to ABIR, helping to continue its role as an industry-leading organization representing public-policy interests of Bermuda’s international property and casualty insurers and reinsurers that protect consumers around the world,” stated John Huff, ABIR CEO.
Kevin O’Donnell, President and CEO of RenaissanceRe Holdings Ltd. and current Chair of ABIR said, “Suzanne’s extensive experience in both the public and private sectors make her a good fit to serve our members. She brings strong technical and leadership skills to the ABIR organization and membership, at a time when a number of initiatives are underway to sustain and enhance Bermuda’s leadership position as blue-chip, well-regulated, cooperative and transparent jurisdiction. We are pleased to welcome her to ABIR.”
At the ABIR board meeting, Mr. O’Donnell also recognized Ms. Leila Madeiros for her service to ABIR over the past 12 years. “Leila has played a remarkable leadership role for ABIR over her long tenure. Among other things, she was instrumental in ABIR’s efforts on the Bermuda Solvency II equivalency project and for a range of other accomplishments towards ABIR’s policy work over these years,” added O’Donnell. “We thank Leila for her tremendous contribution to both ABIR and its members and to the Bermuda market, and it is with heartfelt appreciation and gratitude that the Board recognizes her many contributions.”
About ABIR: The Association of Bermuda Insurers and Reinsurers (ABIR) represents Bermuda’s major property and casualty insurers and reinsurers. Bermuda is the center of global expertise on underwriting for catastrophe risk transfer products and other specialty insurance and reinsurance. For more information, please visit: www.abir.bm. Follow us on Twitter @ABIR_Bermuda.