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German giant acquires Israeli company for $575 million

Munich Re will acquire Israeli cyber insurer At-Bay for $575M. Founded in 2016 with 280 employees, the company will join Munich Re subsidiary HSB.

  • Munich Re acquires Israeli cyber insurance firm At-Bay for $575 million.
  • Deal pending regulatory approvals, closing in Q1 2027.
  • At-Bay targets SMEs in US with insurance + cybersecurity solutions.

Daesan Petrochemical Restructuring Wins Conditional Approval

The ‘Daesan No. 1’ business reorganization, which is the first restructuring case in the domestic petrochemical industry driven to a survival crisis by Chinese oversupply, has entered its final stages…

  • Daesan Petrochemical reorganization receives conditional approval from Fair Trade Commission
  • Lotte Chemical and HD Hyundai Chemical merge, changing share structure to 50-50%
  • Integration aims to resolve oversupply and overlapping facilities in LDPE and EVA markets

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