Munich Re to Acquire At-Bay

Munich Re has signed an agreement to acquire At-Bay, an American insurtech company that offers cyber insurance and cybersecurity solutions to small and medium-sized enterprises (SMEs). The transaction is valued at 575 million USD.

At-Bay’s operations will be overseen by Hartford Steam Boiler (HSB), part of Munich Re’s Global Specialty Insurance business.

The transaction is aimed at strengthening the German group's position in the cyber insurance market.

Subject to regulatory approval, the acquisition is expected to be finalized in the first half of 2027.