QBE Asia appoints Ronak Shah as CEO of Wholesale Markets Asia
27 February 2025 — QBE Asia today announced the appointment of Ronak Shah as Chief Executive Officer (CEO) of Wholesale Markets Asia, effective 1 March 2025.
This newly created position underscores QBE’s commitment to strengthening its facultative reinsurance business across Asia. Mr. Shah will lead the strategic development and expansion of QBE’s wholesale reinsurance offerings, working closely with in-house specialists and external partners to enhance QBE’s presence in both existing and new markets including Korea, Taiwan, Japan, Thailand, Indonesia, India, and mainland China.
Currently serving as CEO of QBE Singapore, Mr. Shah will retain this position until his successor is appointed to ensure a smooth transition. Based in Singapore, he will be responsible for driving QBE’s Asia wholesale strategy, leveraging the firm’s underwriting expertise, deep market knowledge, and strong global network to craft agile and effective solutions for clients. In this role, Mr. Shah will continue reporting to Rob Kosova, CEO Asia and sitting on the QBE Asia Executive Committee.
“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,” said Mr. Kosova. “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 will focus on delivering tailored industry propositions to in-market insurers, leveraging QBE’s established leadership in complex and specialty lines. These include financial lines, liability, construction and engineering, marine, property, terrorism, and political violence. Additionally, the firm will explore high-growth sectors such as renewable energy, cyber risk, and emerging liability classes, ensuring clients across the region benefit from QBE’s specialised expertise and ability to respond to evolving risks.
Mr. Shah commented on his appointment, stating, “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.”
About QBE Asia
QBE Asia is part of the International Division of QBE Insurance Group Limited, one of the world’s top general insurance and reinsurance companies. Headquartered in Sydney, QBE is listed on the Australia Securities Exchange (ASX). To learn more about QBE Insurance Group, please visit www.qbe.com.