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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
Techmeme
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.
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