Munich Re

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Cyber underwriters say they are reworking policy language for autonomous AI agents

MSIG USA's head of cyber for North America, Ryan Kratz, says that as AI becomes capable of identifying vulnerabilities and carrying out attacks autonomously, carriers will need to continually review policy language, while QBE's global head of cyber, Serene Davis, says AI is treated as a risk amplifier rather than a fundamentally new cyber risk. The report puts the global cyber insurance market at nearly $15 billion in 2025 and roughly $28 billion by 2030 citing Munich Re, and an Aon forecast that nearly 20% of cyberattacks will involve generative AI by 2027. No filed endorsement or exclusion is reported.

Reported by pressReuters (via Claims Journal) ↗ ·

Munich Re agrees to buy cyber insurtech At-Bay at a $575 million enterprise value

Munich Re will acquire At-Bay, to be overseen by Hartford Steam Boiler within its Global Specialty Insurance business, at an enterprise value of $575 million, with closing expected in the first quarter of 2027 subject to regulatory approvals. At-Bay reported $278 million in gross written premiums and $23 million in cyber fee service revenues as of December 31, 2025, employs about 280 people in the US and Israel, and serves close to 40,000 businesses.

On the recordMunich Re ↗ ·