Munich Re has announced an agreement to acquire At-Bay, a cybersecurity insurance technology company based in the United States. The acquisition is valued at $575 million. Munich Re, a prominent reinsurer, describes At-Bay as one of the top 10 U.S. cyber specialists. This strategic move signifies Munich Re's further investment in the burgeoning cyber insurance market.
Original Source: https://www.insuranceday.com/ID1158120/Munich-Re-to-acquire-cyber-insurtech-At-Bay-for-$575m