International insurer and reinsurer QBE Insurance Group Ltd has appointed Tay Siang Leng as interim chief executive officer (CEO) of Wholesale Markets Asia, reporting to QBE Asia CEO Rob Kosova.
Siang Leng has served as Chief Financial Officer (CFO) of QBE Asia since 2019.
In this new role, he succeeds Ronak Shah, who is currently on garden leave until the end of September and has decided to join MSIG Asia as regional CEO.
QBE said: “We would like to thank Ronak for his nine years of service to QBE Asia.”
The company noted that Siang Leng played an important role in establishing the wholesale cluster. He also serves as a director on the boards of QBE Singapore, India, QBE Asia Pacific Holdings and QBE Asia Services, and as chairman of the board of QBE Vietnam.
QBE Asia explained that he has assumed day-to-day responsibilities with the Asia Wholesale Markets division team and will step down from his financial role during this period to ensure continuity for partners and customers.
Previously, he served as Vice President and Chief Financial Officer of Allied World Assurance Company Limited and Chief Financial Officer of RSA Insurance in Singapore.
Siang Leng also served as Financial Manager of FM Global Asia Pacific, Assistant Director of Insurance Regulation at the Ministry of Finance of MAS, Accountant of the Singapore Ministry of Finance and Auditor of PricewaterhouseCoopers.
QBE Asia continues to focus on its business transformation strategy centered on digitalisation, AI integration, wholesale markets and P&I growth in the region, supported by recent appointments in these areas.
