Ronak Shah to Spearhead QBE’s Growth in Wholesale Reinsurance Across Asia
QBE Asia has appointed Ronak Shah as the Chief Executive Officer of Wholesale Markets Asia, effective 1 March 2025.
This newly created position underscores QBE's strategy to strengthen its facultative reinsurance business across Asia. Ronak Shaho will lead the growth of QBE's wholesale reinsurance services, working closely with internal experts and external partners to expand QBE's presence in key markets such as Korea, Taiwan, Japan, Thailand, Indonesia, India, and mainland China.
Currently the CEO of QBE Singapore, Ronak Shaho 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 division aims to provide tailored industry solutions to local insurers by leveraging QBE's established leadership in complex and specialty lines. These include sectors such as financial, liability, construction and engineering, marine, property, and risk areas like terrorism and political violence. The company will also focus on high-growth areas, including renewable energy, cyber risk, and emerging liability categories, ensuring that clients in the region benefit from QBE's specialized expertise and ability 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".