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Ireland gets new regulators

Posted On: Mar. 11, 2007 12:00 AM CST

Dublin-based captives are subject to a new lineup of regulators this year.

Frank Brosnan—former deputy head of nonlife insurance supervision at the Irish Financial Services Regulatory Authority—held regulatory authority over captives in the domicile until his move last year to a position in banking supervision at IFSRA.

The role of deputy head of the IFSRA's insurance supervision department has now been split into two separate positions. Mike Frazer is responsible for all reinsurance matters, while Andrew Mawdsley oversees insurance-related regulatory activities.

Messrs. Frazer and Mawdsley report to Patrick Brady, who was appointed head of insurance supervision at the IFSRA last May.