{
  "id": 2147940,
  "title": "German giant acquires Israeli company for $575 million",
  "url": "https://urgent.news/2026/08/20/german-giant-acquires-israeli-company-for-575-million",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T14:08:50.000Z",
  "source": {
    "name": "Jerusalem Post Tech & Start-Ups",
    "slug": "jerusalem-post-tech-start-ups",
    "url": "https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-906061"
  },
  "original_language": "en",
  "account": "German insurance company Munich Re has agreed to purchase Israeli cyber insurance firm At-Bay for $575 million. The deal, which is pending regulatory approvals, is set to close in the first quarter of 2027. At-Bay, established in 2016 by Rotem Iram and Roman Itskovich, offers a platform that combines insurance coverage with cybersecurity solutions, targeting small and medium-sized businesses (SMEs) in the US. The company has secured approximately $300 million in funding from prominent venture capital firms and currently employs around 280 people in Israel and the US. Upon completion, At-Bay will become part of Munich Re's HSB subsidiary, which specializes in technological insurance solutions. The two founders of At-Bay will join Munich Re's management team. Rotem Iram, At-Bay's founder and CEO, expressed optimism about the partnership, stating that it will help close the cyber protection gap for the remaining 90% of businesses. Together, Munich Re and At-Bay aim to provide global access to their solution for SMEs worldwide. Munich Re board member Michael Kerner emphasized that At-Bay's strategic position and unique capabilities make it an ideal addition to their insurance portfolio and a crucial component of the group's future cyber offerings.",
  "summary": "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.",
  "key_points": [
    "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."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}