Munich Re has acquired At-Bay, an Israeli insurtech company, for $575 million. At-Bay focuses on cybersecurity and data security insurance products in the United States and manages a cybersecurity development center based in Israel. The acquisition underscores Munich Re's commitment to expanding its footprint in the cybersecurity insurance sector. Details of the acquisition were not disclosed beyond the purchase price.
Original Source: https://en.globes.co.il/en/article-munich-re-buys-israeli-insurtech-co-at-bay-for-575m-1001552764