ACE expands financial lines expertise in Asia
Insurer ACE has appointed Kamal Hamzah as regional medical malpractice manager for Asia as it continues to expand its financial lines product portfolio in the region.
Based in Singapore, Hamzah will spearhead the development and underwriting execution of ACE’s medical malpractice business in Asia.
He 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.
Hamzah was most recently senior advisor/underwriter at a mutual medical organisation in Australia. In this role since 2010, he had underwriting responsibility for professional indemnity insurance, specialising in medical malpractice.
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.”
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.”
