Capital Security
Munich Re agrees to buy cyber insurer At-Bay for $575 million
Munich Re has agreed to acquire cyber insurance provider At-Bay for $575 million, according to CTech. At-Bay has raised $276 million and was last valued at $1.35 billion in 2021. The reported transaction would place the cyber-insurance provider within the German insurer's operations.
Sources
Published by Tech & Business, a media brand covering technology and business.
This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
Back to Newswire