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Munich Re Group will acquire At-Bay, the US cyber insurtech. The price is $575 million. Munich Re announced the deal Wednesday. It should close in the first quarter of 2027, pending regulatory approval. At-Bay will sit inside Hartford Steam Boiler (HSB). HSB is Munich Re’s technology-focused specialty arm. It has backed At-Bay since the company’s … Read more
Ransomware and financial fraud attacks are increasingly targeting businesses with higher frequency and greater cost. Mid-market companies now face average ransomware losses of nearly $470,000 and financial fraud claims of about $270,000. Many standard policies fall short of covering these risks. At-Bay has launched new InsurSec solutions designed to close that gap. The industry-first packages … Read more