At-Bay

At-Bay’s Iram urges shift to “third generation of cyber insurance”

Rotem Iram, CEO and co-founder of insurtech At-Bay, has called on carriers to “answer that hero’s call” and move to a “third generation” of cyber insurance where they become security partners for customers in order to address vendor vulnerabilities.

At-Bay hires former AIG, XL, ACE executive Riegler as president of insurance

Cyber insurtech At-Bay has hired former AIG, XL, and ACE executive Ken Riegler as president of insurance, where he will be tasked with accelerating the firm’s growth specifically in E&S insurance and fostering relationships with clients and brokers.

At-Bay shuttering distribution platform Relay to focus on InsurSec and MDR

At-Bay is closing down digital distribution platform Relay two years after acquiring the insurtech, a move that comes after the cyber firm took steps to expand carrier participation on the platform and explored a potential sale of the business.

At-Bay expands cyber appetite to $5bn revenue firms and ups limits to $10mn

At-Bay has expanded its cyber and tech E&O excess and surplus coverage, offering aggregate limits up to $10mn to businesses with up to $5bn in revenue, in addition to other coverage enhancements.

At-Bay: Ransomware claims frequency increased 64% in 2023

Ransomware claims frequency surged by 64 percent in 2023 compared with the previous year, driven mainly by a 415 percent increase in indirect ransomware claims frequency, according to At-Bay.

AWS launches cyber insurance initiative with five partners

Amazon Web Services has launched the AWS Cyber Insurance Competency to make it easier for its customers to find affordable policies from insurers, with At-Bay, Marsh, Cowbell, Resilience and Measured announced as partners in the initiative.