Munich Re to Buy US Insurance Technology Company At-Bay in $575 Million Deal

04:22 AM EDT, 08/19/2026 (MT Newswires) -- Munich Re (MUV2.F) said Wednesday it agreed to buy US-based insurance technology company At-Bay at an enterprise value of $575 million. The German reinsurance group said the purchase of the cyber insurance and cybersecurity solutions provider will improve its position in the cyber market, particularly for small and medium-sized enterprises. At-Bay will be overseen by Hartford Steam Boiler, which is part of Munich Re's Global Specialty Insurance business. Completion of the transaction is expected in the first quarter of 2027, subject to the approval of relevant regulators, among other customary conditions.