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Munich Re is buying cyber-insurer At-Bay for $575mn, half its 2021 price — Blankdot

thenextweb.com1 month ago

Munich Re is buying cyber-insurer At-Bay for $575mn, half its 2021 price

Munich Re is buying cyber-insurer At-Bay for $575mn, half its 2021 price

Munich Re has agreed to buy At-Bay, a cyber-insurance startup, for $575mn. The deal values the company at less than half what it was worth in 2021. The German insurance group announced the acquisition on Wednesday, in a statement. The price is a reset. At-Bay was valued at $1.35bn in its last…

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