Munich Re to Acquire US Cyber Insurance Provider At-Bay for $575 Million
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4 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 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).
The Municher Rück At-Bay takes over for $575 million. The US startup assures small and medium-sized companies against cyber attacks.
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