ACE Announces Expansion in Asia’s Medical Malpractice Liability Field and Appoints Kamal Hamzah
May 17 2015 - 10:41PM
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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version on businesswire.com: http://www.businesswire.com/news/home/20150517005080/en/
ACE GroupMichele Minjoot, +65-6398-8708Vice President & Head
of Communications, Asia Pacificmichele.minjoot@acegroup.com
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