SINGAPORE--(BUSINESS WIRE)--
ACE Group announced today the appointment of Kamal Hamzah as
Regional Medical Malpractice Manager for Asia, a newly created position,
as it continues to expand its Financial Lines product portfolio in the
region to include medical professional liability.
The healthcare industry is at a crossroad involving new medical
treatments and advancements and an evolving regulatory landscape. With
growing affluence in Asian markets and a rising demand for higher
quality healthcare, the risks facing medical professionals and
establishments from malpractice claims are increasing. ACE understands
these challenges and has launched the medical malpractice liability unit
in the region to offer tailored professional liability policies to
professionals and establishments providing healthcare services.
Mr. Hamzah will spearhead the development and underwriting execution of
ACE’s medical malpractice business in Asia. Based in Singapore, he is
responsible for developing and promoting risk management tools needed
for this line of business and for driving new product development.
With close to a decade of experience in the professional indemnity and
personal lines insurance segments, Mr. Hamzah was most recently Senior
Advisor/Underwriter at one of the largest mutual medical organizations
in Australia. In this role since 2010, he had underwriting
responsibility for professional indemnity insurance, specializing in
medical malpractice.
Mr. Hamzah will report directly to Mr. Stanley Wong, Regional Head of
Financial Lines, Asia Pacific with matrix reporting to Mr. James Smith,
Chief Underwriting Officer and Product Manager for Medical Malpractice,
ACE Overseas General.
Mr. Wong said, “In Asia, the lack of local insurers with international
expertise in medical malpractice liability has made it challenging for
healthcare institutions and individual practitioners to obtain the
requisite cover they need. Backed by ACE’s expertise and success in the
global medical professional liability marketplace, our new business unit
in Asia is well-positioned to provide the advice and counsel for risk
management solutions that the local healthcare industry needs. Medical
professionals and healthcare establishments can enjoy the benefits of
being ACE insured, knowing that they are protected by an insurer with
proven expertise in the healthcare sector and an understanding of the
unique challenges facing the industry.”
Mr. Smith added, “We are fortunate to have Kamal join our growing
Financial Lines team. With his strong industry experience and proven
ability to work with brokers to deliver profitable product portfolios,
he is well equipped to lead the growth and development of our medical
malpractice liability business in Asia.”
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. ACE Limited, the parent company of ACE Group,
is listed on the New York Stock Exchange (NYSE: ACE) and is a component
of the S&P 500 index. ACE's core operating insurance companies are rated
AA for financial strength by Standard & Poor’s and A++ by A.M. Best.
ACE®, ACE logo®, and ACE insured® are
trademarks of ACE Limited.
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Source: ACE Group