QBE Asia appoints Ronak Shah as CEO of Wholesale Markets

QBE Asia has announced the appointment of Ronak Shah as Chief Executive Officer of Wholesale Markets Asia, a position effective from 1 March 2025.

The newly established role signifies QBE's strategy to bolster its facultative reinsurance business throughout Asia. Mr. Shah will spearhead the expansion of QBE's wholesale reinsurance services, collaborating with in-house specialists and external partners to widen QBE's reach across markets such as Korea, Taiwan, Japan, Thailand, Indonesia, India, and mainland China.

Currently the CEO of QBE Singapore, Mr. Shah will maintain this role until a successor is named, ensuring a seamless transition. Operating from Singapore, he will be charged with executing QBE's Asia wholesale strategy by utilising the firm's underwriting capabilities, comprehensive market knowledge, and global network to provide agile and efficient solutions for clients. In his new capacity, Mr. Shah will continue to report to Rob Kosova, CEO Asia, and will remain a member of the QBE Asia Executive Committee.

Rob Kosova stated, "Ronak's appointment reflects QBE's ambition to further strengthen our facultative reinsurance presence in Asia, whilst at the same time working closely with our QBE Re business to ensure our renewed focus complements Re's treaty reinsurance strategies in Asia, a key growth region for the firm. Under Ronak's leadership, our wholesale markets team will work seamlessly with our Asia underwriters while tapping into QBE's global expertise in corporate and specialty to deliver innovative and market-relevant facultative solutions. His deep experience in the industry, coupled with his strong understanding of regional market dynamics, will be instrumental in advancing our strategic goals."

The Wholesale Markets business aims to offer bespoke industry solutions to in-market insurers by building on QBE's established leadership in complex and specialty lines. These lines include financial, liability, construction and engineering, marine, property, and risk sectors such as terrorism and political violence. The company will also pursue high-growth areas like renewable energy, cyber risk, and emerging liability categories, ensuring that clients in the region have access to QBE's specialised expertise and capability to manage evolving risks.

Upon his appointment, Mr. Shah remarked, "This is an incredible opportunity to build on QBE's strong foundation in facultative reinsurance and further enhance our ability to deliver bespoke risk solutions across Asia. By refining our approach and maturing our model, we will enable business partners to tap into QBE's underwriting expertise, autonomy, and agility like never before. Our focus will be on ensuring clients receive holistic, timely, and tailored solutions, backed by both deep local insights and the strength of QBE's global resources."