Munich Re Acquires Cyber Insurtech At-Bay for $575 Million

On August 19, 2026, Munich Re Group announced its agreement to acquire At-Bay, a U.S.-based insurtech specializing in cyber insurance and risk management, for $575 million. This acquisition aims to enhance Munich Re's position in the rapidly evolving cyber insurance market, particularly for small and medium-sized enterprises (SMEs). At-Bay, founded in 2017, has grown to become a top-10 U.S. cyber insurer, with gross written premiums of $278 million as of 2025. The deal is expected to close in the first quarter of 2027, pending regulatory approvals. At-Bay's technology platform continuously identifies and mitigates cyber risks, providing integrated solutions for SMEs that often lack resources for cybersecurity. The acquisition is seen as a strategic move to combine insurance with proactive risk management. Both companies' leaders expressed optimism about the potential for innovation and improved service offerings in the cyber insurance sector.

Key Points: • Munich Re to acquire At-Bay for $575 million to enhance cyber insurance offerings. • At-Bay focuses on providing cyber insurance and risk management for SMEs. • The acquisition aims to integrate insurance with proactive cybersecurity solutions.