Ronak Shah to Lead QBE’s Wholesale Reinsurance Growth in Asia

Ronak Shah is set to take on the role of Chief Executive Officer, Wholesale Markets Asia, QBE Asia on 1st of March, 2025. This new position symbolizes QBE's strategy to develop its facultative reinsurance business within Asia. He would be responsible for managing QBE's wholesale reinsurance services across all their markets in Korea, Taiwan, Japan, Thailand, Indonesia, India, and mainland China, together with and alongside internal teams and external business partners.

Currently, Ronak Shah, CEO of QBE Singapore, would assume these responsibilities for continuity of transition until his successor is appointed. He is going to work out of Singapore and implement QBE's wholesale strategy in Asia, leveraging the underwriting capability of the firm, its profound market insights, and global network to develop flexible and robust solutions for clients. In his new capacity, Shah will report to Rob Kosova, CEO of QBE Asia, and continue as a member of the QBE Asia Executive Committee.

Rob Kosova noted that "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 is focused on delivering customized industry solutions to local insurers by capitalizing on QBE's established leadership in complex and specialty lines. These include sectors such as financial services, liability, construction and engineering, marine, property, and risk areas like terrorism and political violence. The company will also prioritize high-growth sectors, including renewable energy, cyber risk, and emerging liability categories, ensuring clients in the region benefit from QBE's specialized expertise in managing evolving risks.

Upon his appointment, Shah expressed his thoughts about the new opportunity, "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".