MedMal Direct names CEO & President
March 04, 2022
Jacksonville’s multi-state medical professional liability insurance carrier leverages seasoned executivebenchstrengthfornext-level evolution
Jacksonville, Fla. – March 4, 2022 /PRNewswire – MedMal Direct Insurance Company (“MDIC”), the direct-to-physician medical professional liability insurance carrier, announces Marc D. Hammett as its newPresident and Chief Executive Officer effective March 2, 2022. Hammett will follow Melodee S. Dixon,who led the company for three years and made the decision to spend more time with family. Hammett’sunanimous appointment by the Board of Directors comes at a time that the organization is experiencingsignificant opportunities for growth in the nine states in which it serves physicians: Florida, Georgia,Illinois,Missouri,NorthCarolina,Ohio, Oklahoma,Pennsylvania,andTexas.
Hammett will assume the CEO role at a critical time, following the firm’s 14% year-over-year revenuegrowth, a changing reinsurance landscape and a litigation environment that has become increasinglychallengingacrosstheUnited States.
P. Butler Ball, CEO and Director of Physicians Trust, Inc., MedMal Direct’s parent company, applaudedthe choice, “Our Board is excited to have Marc expand his responsibilities at MedMal Direct.He hasplayed a major role in the company’s success; he knows the firm, our team members and the businessinside and out. His tenure in the industry, his financial background and his relationships within themarket makes Marc ideally suited to strategically grow the organization in a disciplined manner. TheBoard has seen him demonstrate his experience, wisdom and depth since 2016. We have everyconfidencethatMarcwillbe a great teamleaderandtakethe firm tothe next level.”
Hammetthas served as the Chief Financial Officer of MDIC and President and Chief Strategy Officer forPhysiciansTrust,Inc.sincejoiningthefirmaftermorethan25years intheindustry.
Reflecting on his new role, Hammett said, “I’m honored to follow Melodee and look forward to workingclosely with our Board of Directors, all of our team members and partners to achieve our strategic goals.Since joining the company in 2016, I have been involved in all facets of the business and am moreconfidentthaneverinMedMalDirect’s strategicgrowthopportunitiesandpotential.”
Outgoing CEO Melodee S. Dixon continued the conversation. “I believe that stepping down andconcentrating on my family is the right decision at this time.This was a difficult decision for me giventhe many opportunities I see and my confidence in the company.However, it was the right one for mepersonally.I’ll work through a time of transition to ensure excellent service to our policyholders andwish Butler,Marcandtheentireteamsuccessastheycontinuetogrow thebusiness.My workhereover the last five years has reinforced my believe that the talented team will position the company togrowandthrive."