QBE Asia has appointed Ronak Shah as Chief Executive Officer (CEO) of Wholesale Markets Asia, effective 1 March 2025, the business announced in a media release on Thursday. The newly created role aligns with QBE’s aim to strengthen its facultative reinsurance business in Asia, the (re)insurer added.
Shah is currently the CEO of QBE Singapore and will continue in this role until a successor is appointed. He will continue to be based in Singapore and remains part of the QBE Asia Executive Committee.
In his new role, Shah reports to Rob Kosova, CEO Asia, to oversee the strategic development of QBE’s wholesale reinsurance offerings across markets such as Korea, Taiwan, Japan, Thailand, Indonesia, India, and mainland China.
QBE says that its Wholesale Markets business will focus on providing tailored industry solutions to in-market insurers in complex and specialty lines such as financial lines, liability, construction and engineering, marine, property, terrorism, and political violence. The (re)insurer is also exploring sectors like renewable energy, cyber risk, and emerging liability classes.
Kosova said that Ronak’s appointment reflects QBE’s ambition to further strengthen its facultative reinsurance presence in Asia. “His deep experience in the industry, coupled with his strong understanding of regional market dynamics, will be instrumental in advancing our strategic goals,” he added.
Commenting on the newly created role, Shah said, “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.”
