Everest partners with MGA RedRay to expand Medical Malpractice coverage in Asia

Everest International Reinsurance Limited (EIS), Singapore branch, has appointed Managing General Agent (MGA) RedRay to quote and bind policies for Medical Malpractice Liability Insurance and associated coverages in Asia.

EIS received regulatory approval to appoint RedRay as its underwriting agent, authorising them to quote and bind policies for a wide range of healthcare clients.

Clients include medical and allied health practitioner organisations and complex institutions such as Acute Hospitals, Teaching Hospitals, Clinics & Surgeries, Aged Care, Assisted Living and other specialty facilities.

With this move, RedRay is now EIS’ first exclusive healthcare MGA in Asia.

Christopher Rummery, RedRay MGA’s CEO said: “We are delighted and humbled by our appointment to be EIS’ exclusive healthcare MGA. Building capacity with partners in rapidly growing sectors of the marketplace lies at the heart of our business.

“We complement insurance companies like EIS, which have growth ambitions in specialty lines of business, as they can quickly and efficiently tap into our entrepreneurial mindset, robust products and geographical expertise.”

In addition to medical malpractice coverage, RedRay will offer customised commercial insurance packages across several lines, helping healthcare providers optimise their insurance costs.

This is particularly crucial in a region undergoing rapid transformation driven by aging populations, rising consumer expectations, technological advancements, and increasing government investment in healthcare infrastructure.

Commenting on RedRay’s appointment, Tomi Latva-Kiskola, Everest’s Regional Head of Insurance Asia, said: “Our partnership with RedRay stems from our strategic alignment to target and grow in the fast-expanding healthcare sector. RedRay’s deep understanding of the unique exposures and expertise in this sector make it an ideal partner to expand our capabilities in Asia.”

Kamal Hamzah, Head of Healthcare and Liability at RedRay MGA added: “Our partnership with EIS is well-timed as the healthcare industry continues to evolve and impact the indemnity needs of practitioners and institutions alike.

“Having medical malpractice specialists in the Asia Pacific region with close to 20 years’ experience, coupled with our agility and innovation allow us to deliver market-leading solutions for all our healthcare clients. I’m excited for the future of the region’s healthcare and look forward to growing further with our existing network of loyal partners and forging new ones.”

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