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.
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Contact:
ACE Group
Michele Minjoot, +65-6398-8708
Vice President & Head of Communications, Asia Pacific
michele.minjoot@acegroup.com