Back to today’s briefing

Story perspectives

Munich Re to Buy At-Bay for $575 Million

8/20/2026

27 4 Full Breakdown

Summary

Munich Re Acquires

Munich Re is acquiring Israeli cyber-insurtech At-Bay for $575 million.
The transaction should close in the first quarter of 2027 after regulatory approvals.
At-Bay insures about 35,000-40,000 U.S. SMEs and posted $278 million in premiums.
Founders Rotem Iram and Roman Itskovich will join Munich Re’s management.
Iram said the acquisition will accelerate closing the cyber-protection gap for 90% of businesses.

Summary

Munich Re Trims

Munich Re trimmed its 2026 group revenue forecast to €62 billion.
The stock fell about 1 percent to €509.60 after the acquisition announcement.
Jefferies downgraded Munich Re to Hold following the deal disclosure.
Board members bought 496 shares at €509 each, spending roughly €252,464.
Second-quarter net profit reached €2.211 billion, beating consensus expectations.

1 of 2

Munich Re Acquires

Munich Re is acquiring Israeli cyber-insurtech At-Bay for $575 million.
The transaction should close in the first quarter of 2027 after regulatory approvals.
At-Bay insures about 35,000-40,000 U.S. SMEs and posted $278 million in premiums.
Founders Rotem Iram and Roman Itskovich will join Munich Re’s management.
Iram said the acquisition will accelerate closing the cyber-protection gap for 90% of businesses.

1 / 2