Munich Re Group has agreed to acquire cyber InsurTech At-Bay Inc. for $575 mn, expanding its position in the US cyber insurance market. The transaction, announced Aug. 19, is expected to close in the first quarter of 2027, subject to regulatory approvals.<\/p>\n
At-Bay provides cyber insurance and managed detection and response services, with a focus on small and medium-sized US businesses. The company employs about 280 people across the US and Israel. Its gross written premiums total $278 mn.<\/p>\n
After closing, At-Bay will operate under Hartford Steam Boiler, part of Munich Re\u2019s Global Specialty Insurance business. HSB has worked with At-Bay since the InsurTech was founded in 2017.<\/p>\n
Munich Re said the acquisition will combine insurance capacity with cybersecurity services and technology used to identify and manage cyber threats.<\/p>\n
At-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.<\/p>\n
Mike Kerner, a member of Munich Re\u2019s board<\/p>\n
Kerner said Munich Re expects At-Bay to become a meaningful earnings growth business over time.<\/p>\n
The deal also gives Munich Re broader access to a cyber insurance market moving beyond standalone policies toward products tied more closely to ongoing security monitoring and risk management.<\/p>\n
Munich Re already writes standalone cyber coverage. At-Bay adds a technology platform and MDR capabilities aimed at reducing losses before an insured event develops into a larger claim.<\/p>\n
That model has become increasingly important in small-business cyber insurance, where many companies lack large internal security teams.<\/p>\n
At-Bay CEO and co-founder Rotem Iram said joining Munich Re will give the company more scale and distribution.<\/p>\n
Munich Re\u2019s reach will help At-Bay address the changing security needs of small businesses.<\/p>\n
For Munich Re and HSB, the acquisition adds an established cyber underwriting platform with existing premium volume, security services and a US customer base.<\/p>\n
The $575 mn transaction also extends a relationship that began nearly a decade ago, when HSB became one of At-Bay\u2019s early insurance partners.<\/p>\n","protected":false},"excerpt":{"rendered":"Munich Re Group has agreed to acquire cyber InsurTech At-Bay Inc. for $575 mn, expanding its position in…\n","protected":false},"author":2,"featured_media":63643,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21149],"tags":[21154,21155],"class_list":["post-78959","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\/78959","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=78959"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/78959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/63643"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=78959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=78959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=78959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}