At-Bay: Münchener Rück kauft Cyber-Startup für 575 Millionen Dollar
Die Münchener Rück zahlt 575 Millionen Dollar für das 2017 gegründete Unternehmen, das vor allem kleine und mittelgroße Unternehmen gegen Cyber-Angriffe versichert.
Munich Re, a major German insurance company, has announced it is purchasing the US-based cyber-insurance startup At-Bay for $575 million. The announcement was made by Munich Re on Wednesday. Founded in 2017, At-Bay specializes in cyber-insurance and proactive cybersecurity services for small and medium-sized enterprises (SMEs). As of 2025, the company generated $278 million in gross premium revenue, ranking among the top ten cyber-insurers in the United States.
With 280 employees operating in the US and Israel, At-Bay's market position and unique capabilities make it a perfect addition to Munich Re's specialized insurance portfolio and a crucial component of their future cyber offerings. Munich Re's member of the board, Michael Kerner, stated that At-Bay's strategic position and unique abilities will enhance Munich Re's cyber insurance portfolio.
The acquisition already involves collaboration with Munich Re's subsidiary, Hartford Steam Boiler (HSB), a specialist in industrial property insurance. Munich Re sees this acquisition as a strategic move to access a rapidly evolving cyber market transitioning from standalone insurance solutions to integrated platforms for continuous risk management and reduction. The company expects to finalize the transaction in the first quarter of 2027.
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