{"id":75849,"date":"2026-08-20T13:49:09","date_gmt":"2026-08-20T13:49:09","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/75849\/"},"modified":"2026-08-20T13:49:09","modified_gmt":"2026-08-20T13:49:09","slug":"munich-re-group-to-acquire-cyber-insurtech-at-bay-programbusiness","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/75849\/","title":{"rendered":"Munich Re Group to Acquire Cyber Insurtech At-Bay – ProgramBusiness"},"content":{"rendered":"

Munich Re Group has agreed to acquire U.S.-based cyber insurtech company At-Bay Inc.<\/a> at an enterprise value of $575 million. At-Bay provides cyber insurance and proactive cybersecurity solutions for small and medium-sized enterprises (SMEs).<\/p>\n

The acquisition will bring At-Bay under Hartford Steam Boiler (HSB), part of Munich Re\u2019s Global Specialty Insurance business. Munich Re said the transaction will strengthen its and HSB\u2019s position in the cyber market by combining insurance, proactive risk mitigation, and technology.<\/p>\n

Acquisition Expected to Close in 2027<\/p>\n

Munich Re and At-Bay have entered into a definitive agreement for the acquisition. The transaction remains subject to customary closing conditions, including required regulatory approvals. Munich Re expects the transaction to close in the first quarter of 2027.<\/p>\n

HSB will oversee At-Bay following the acquisition. HSB serves as the technology-focused and cyber-focused arm of Munich Re\u2019s specialty insurance portfolio.<\/p>\n

HSB has served as a strategic partner to At-Bay since the company\u2019s founding in 2017. During that period, At-Bay developed into a top-10 U.S. cyber insurer, with gross written premiums totaling $278 million. The company currently employs approximately 280 people in the U.S. and Israel.<\/p>\n

At-Bay Combines Cyber Insurance and Security<\/p>\n

At-Bay primarily serves SMEs in the U.S. These organizations face increasing cyber risks but often lack the resources and expertise that larger enterprises have to manage cybersecurity.<\/p>\n

Through its unified security platform, At-Bay continuously identifies, monitors, and reduces insured cyber risk throughout the policy lifecycle. The platform also generates data insights that support underwriting practices and security innovation.<\/p>\n

Munich Re said the acquisition expands its access to the cyber market, moving from standalone insurance coverage toward integrated platforms that continuously manage risk mitigation. Munich Re already provides standalone cyber coverage.<\/p>\n

\u201cAt-Bay\u2019s market position and unique capabilities make it a perfect addition to our specialty insurance portfolio and an essential component of our future cyber offering,\u201d said Mike Kerner, member of the Board of Management at Munich Re. He added that the acquisition expands Munich Re Specialty\u2019s expertise and is expected to support earnings growth over time.<\/p>\n

HSB and At-Bay Plan Integrated Cyber Protection<\/p>\n

HSB President and CEO Jeffrey O\u2019Shaughnessy described HSB and At-Bay as a logical match, given their shared focus on risk prevention, mitigation, and cyber risk solutions.<\/p>\n

According to O\u2019Shaughnessy, combining At-Bay\u2019s cyber capabilities with HSB\u2019s cyber and underwriting expertise will enhance the companies\u2019 cyber offering. The companies plan to connect insurance, security, and claims within a continuous risk management system.<\/p>\n

At-Bay CEO and co-founder Rotem Iram said joining Munich Re will accelerate At-Bay\u2019s mission to address the cybersecurity protection gap for the 90% of businesses that are being left behind. He also said Munich Re will provide At-Bay with additional scale and reach to address the needs of small businesses.<\/p>\n

Stay informed and ahead of the curve \u2014 explore more industry insights and program opportunities at\u00a0ProgramBusiness.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Munich Re Group has agreed to acquire U.S.-based cyber insurtech company At-Bay Inc. at an enterprise value of…\n","protected":false},"author":2,"featured_media":75850,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21149],"tags":[8017,21154,21155],"class_list":["post-75849","post","type-post","status-publish","format-standard","has-post-thumbnail","category-munich-re","tag-insurtech","tag-munich-re","tag-munich-reinsurance"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/75849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=75849"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/75849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/75850"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=75849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=75849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=75849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}