QBE Asia has appointed Ronak Shah as the new Chief Executive Officer of Wholesale Markets Asia, effective March 1, 2025. This newly created position is part of QBE’s strategy to expand its facultative reinsurance business across the region.
Shah, who is currently the CEO of QBE Singapore, will continue in his Singapore role until a successor is appointed to ensure a smooth transition. As CEO of Wholesale Markets Asia, he will lead the growth of QBE’s wholesale reinsurance services in key markets including Korea, Taiwan, Japan, Thailand, Indonesia, India, and mainland China. Shah will work closely with internal teams and external partners to broaden QBE’s reach in these regions.
Reporting to Rob Kosova, CEO of QBE Asia, Shah will play a key role in executing QBE’s wholesale strategy. He will leverage the company’s underwriting expertise, extensive market knowledge, and global network to offer innovative solutions to clients. Shah will also remain a member of the QBE Asia Executive Committee.
Rob Kosova commented, “Ronak’s appointment reflects QBE’s ambition to further strengthen our facultative reinsurance presence in Asia, while 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.”
QBE’s Wholesale Markets business aims to provide specialized industry solutions to in-market insurers, focusing on complex and specialty lines such as financial, liability, marine, property, and construction. The company is also expanding into high-growth sectors like renewable energy, cyber risk, and emerging liabilities, ensuring clients access QBE’s expertise in managing evolving risks.
Shah expressed his excitement about the opportunity, saying, “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.”
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