Kathmandu. Munich Re Group has agreed to acquire U.S. cyber insurtech firm At-Bay for an enterprise value of $575 million. <\/p>\n
The German reinsurance company took this step on August 19 to expand its access to primary cyber coverage for small businesses. The deal, subject to regulatory approvals and other customary conditions, is expected to close in the first quarter of 2027. <\/p>\n
Founded in 2017 and operating in the U.S. and Israel, At-Bay specializes in combining cyber insurance policies with proactive cybersecurity tools and systematic detection services. It is mainly targeted at small and medium-sized businesses. <\/p>\n
The company has become one of the top 10 US cyber insurers. Which reports a total premium of about $278 million. It employs about 280 people and combines traditional coverage with technology. Which monitors the risks and helps prevent losses before they happen. <\/p>\n
Once the acquisition process is complete, At-Bay will operate under the Hartford steam boiler. Which is known as HSB. It is a part of the Munich Ricoh Global Specialty Insurance Unit. <\/p>\n
HSB has been a key partner and capability provider of At-Bay since the insurtech’s early days, and this acquisition transforms that long-standing relationship into full ownership of the underwriting platform, data assets and security operations. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Munich Re Group has agreed to acquire U.S. cyber insurtech firm At-Bay for an enterprise value of $575 million. The German reinsurance company took this step on August 19 to expand its access to primary cyber coverage for small businesses. The deal, subject to regulatory approvals and other customary conditions, is expected to close […]<\/p>\n","protected":false},"author":16,"featured_media":124890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-312436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/312436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=312436"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/312436\/revisions"}],"predecessor-version":[{"id":312437,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/312436\/revisions\/312437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/124890"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=312436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=312436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=312436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}