Munich Re Buys At-Bay for $575 Million as Cyber Risk Becomes an Underwriting Battleground
European reinsurance giant pushes into US specialty cyber as insurers race to price a risk class growing faster than actuarial history can support
Munich Re agreed to acquire US cyber insurance provider At-Bay for $575 million, deepening its exposure to one of the fastest-growing and least mature specialty lines in global insurance. The deal reflects a strategic bet that proprietary underwriting data and technology-led risk selection will define winners in cyber, where loss modelling remains embryonic.
SPECIAL REPORTBULLISH