ACE Group has appointed 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.
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.
ACE has launched the medical malpractice liability unit in the region to offer tailored professional liability policies to professionals and organizations providing healthcare services. ACE explained that growing affluence in Asian markets and a rising demand for higher quality healthcare is increasing the risks from malpractice claims.
With close to a decade of experience in the professional indemnity and personal lines insurance segments, Hamzah was most recently senior adviser/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.
Hamzah will report directly to Stanley Wong, regional head of financial lines, Asia Pacific, with matrix reporting to James Smith, chief underwriting officer and product manager for medical malpractice, ACE Overseas General.
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.”
Source: ACE Group
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