Global reinsurer Munich Re has appointed Marco Petrovic as Head of Cyber Asia (excluding Greater China) and Johanna Roman as Cyber leader for Australasia, Greater China, and Africa.
To step into his new role, Petrovic will relocate back to Asia in August, to advance Munich Re’s cyber ambitions across a strategically important, high-potential region.
He will be based in Singapore, and report to Haruka Narahashi, Head of Treaty Underwriting, Korea & Japan, Cyber Asia (excl. Greater China).
Since joining the reinsurer in 2005, Petrovic has held a range of roles across casualty and cyber underwriting, including business development. Most recently, he led Munich Re’s cyber business across Asia-Pacific, the Middle East, and Africa from Munich.
In her new role, Roman will be responsible for the reinsurer’s cyber business in Australasia, Greater China and Africa, effective July 1st, 2026. She is based in Sydney and reports to Kitty Ho, Head of Underwriting, Australasia.
Roman has over two decades of experience in the reinsurance market with roles spanning across reinsurance purchasing, claims and underwriting prior to joining Munich Re in 2022 as Casualty & Cyber Underwriting Manager, Australasia.
Petrovic commented, “While mature markets benefit from broader claims experience and greater transparency, limited loss data in less mature markets should not be mistaken for lower malicious or non-malicious exposure.
“These markets require even stronger underwriting discipline and careful risk selection. Narrowing the Cyber protection gap sustainably – which remains highest globally in Asia – will depend on combining technical rigour with insurance solutions that reflect how Cyber risks are evolving.”
Roman added, “Cyber insurance is ready to grow, but closing the protection gap requires industry experts to align on risk insights, modelling and disciplined capacity.
“By leveraging strong underwriting expertise, threat intelligence, claims data analytics and advanced accumulation modelling, our team is committed to transforming evolving cyber threats and exposures into effective insurance solutions that meet the changing needs of clients across the Asia-Pacific market.”
