Munich Re to Acquire US Cyber Insurance Provider At-Bay for $575 Million
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8 Articles
Municher Rück pays 575 million dollars for the company founded in 2017, which primarily covers small and medium-sized companies against cyber attacks.
Munich Re to acquire US cyber insurance provider At-Bay for $575 million
BERLIN, Aug 19 (Reuters) - Munich Re will acquire the U.S.-based cyber insurance provider At-Bay at an enterprise value of $575 million, with the deal expected to close in the first quarter of next year, the German insurance group sai...
The leading reinsurer Munich Re strengthens itself in cyber insurance. He takes over the US provider At-Bay, which specializes in small and medium-sized companies, for a three-digit million amount. Munich Re wants to grow further in cyber. At-Bay offers medium-sized companies support in cyber insurance security including insurance cover Munich Re strengthens itself by buying into cyber insurance. The leading reinsurer buys the [...]
The German reinsurance company Munich Re Group has reached an agreement to acquire At-Bay, US 'insurtech' offering cyber insurance and proactive cybersecurity solutions for small and medium-sized enterprises, with a business value of 575 million dollars (497 million euros).
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