{"id":76733,"date":"2026-08-21T18:47:01","date_gmt":"2026-08-21T18:47:01","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/76733\/"},"modified":"2026-08-21T18:47:01","modified_gmt":"2026-08-21T18:47:01","slug":"am-best-places-at-bay-under-positive-review-after-munich-re-takeover-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/76733\/","title":{"rendered":"AM Best places At-Bay under positive review after Munich Re takeover news"},"content":{"rendered":"<p data-variant=\"WBMG_BODY_MD_REGULAR_FIXED\" class=\"text-[18px] leading-[26px] font-[knowledge-regular] wbmg-mob:px-wbmg-50 text-wbmg-basic-text\">AM Best has placed At-Bay Specialty Insurance Company (ABSIC)\u2019s \u200bA-minus financial strength rating under review \u200cwith positive implications following the announced acquisition of its parent company At-Bay Inc \u200bby Munich Re America Corporation.<\/p>\n<p><img alt=\"The AM Best logo is seen in this illustration taken on January 29, 2025. REUTERS\/Dado Ruvic\/Illustration\"  loading=\"lazy\" class=\"block w-full h-full object-fill object-[center_center] bg-wbmg-neutral-decorative\"\/>The AM Best logo is seen in this illustration taken on January 29, 2025. REUTERS\/Dado Ruvic\/Illustration<\/p>\n<p data-variant=\"WBMG_BODY_MD_REGULAR_FIXED\" class=\"text-[18px] leading-[26px] font-[knowledge-regular] wbmg-mob:px-wbmg-50 text-wbmg-basic-text\">ABSIC \u200balso holds an AM Best long-term \u2060issuer credit rating of a-minus (Excellent).<\/p>\n<p data-variant=\"WBMG_BODY_MD_REGULAR_FIXED\" class=\"text-[18px] leading-[26px] font-[knowledge-regular] wbmg-mob:px-wbmg-50 text-wbmg-basic-text\">Munich Re \u200bon Wednesday <a href=\"https:\/\/www.theinsurer.com\/cyber-risk\/news\/munich-re-confirms-deal-to-buy-cyber-insurtech-at-bay-for-575-million-2026-08-19\/\" data-variant=\"WBMG_BODY_MD_REGULAR_FIXED\" class=\"text-[18px] leading-[26px] font-[knowledge-regular] underline text-inherit\" rel=\"nofollow noopener\" target=\"_blank\">announced the deal<\/a> to acquire \u200bcyber insurtech At-Bay, confirming The Insurer\u2019s exclusive reporting from the day before.<\/p>\n<p data-variant=\"WBMG_BODY_MD_REGULAR_FIXED\" class=\"text-[18px] leading-[26px] font-[knowledge-regular] wbmg-mob:px-wbmg-50 text-wbmg-basic-text\">Munich Re America Corporation \u200bwill acquire At-Bay at an enterprise \u200bvalue of $575 million.<\/p>\n<p data-variant=\"WBMG_BODY_MD_REGULAR_FIXED\" class=\"text-[18px] leading-[26px] font-[knowledge-regular] wbmg-mob:px-wbmg-50 text-wbmg-basic-text\">\u201cThe under review with positive implications \u200cstatus \u2060reflects the potential financial and operational benefits that ABSIC may derive from being part of a significantly larger \u200binsurance organization, \u200bwhich \u2060is of greater financial strength,\u201d AM Best said.<\/p>\n<p data-variant=\"WBMG_BODY_MD_REGULAR_FIXED\" class=\"text-[18px] leading-[26px] font-[knowledge-regular] wbmg-mob:px-wbmg-50 text-wbmg-basic-text\">The transaction is \u200bsubject to customary conditions, including \u200bthe \u2060receipt of required regulatory approvals.<\/p>\n<p data-variant=\"WBMG_BODY_MD_REGULAR_FIXED\" class=\"text-[18px] leading-[26px] font-[knowledge-regular] wbmg-mob:px-wbmg-50 text-wbmg-basic-text\">The ratings will remain under review pending completion \u2060of \u200bthe transaction and AM \u200bBest\u2019s evaluation of parental support, integration plans and \u200bthe expected impact on ABSIC\u2019s business plans.<\/p>\n","protected":false},"excerpt":{"rendered":"AM Best has placed At-Bay Specialty Insurance Company (ABSIC)\u2019s \u200bA-minus financial strength rating under review \u200cwith positive implications&hellip;\n","protected":false},"author":2,"featured_media":76734,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21149],"tags":[21154,21155],"class_list":["post-76733","post","type-post","status-publish","format-standard","has-post-thumbnail","category-munich-re","tag-munich-re","tag-munich-reinsurance"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/76733","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=76733"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/76733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/76734"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=76733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=76733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=76733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}