Articles from At-Bay

At-Bay, the InsurSec provider for the digital age, today introduced two new industry-first solutions to protect businesses from the most costly and common cyber threats: ransomware and financial fraud. The solutions combine1 At-Bay's battle-tested enterprise-grade security with tailored cyber insurance policies featuring new market-leading coverage enhancements. The enhancements, which include automatic flat renewal, zero retention on ransomware and financial fraud coverage, and more2, provide businesses with superior protection and predictable, comprehensive coverage. These packages are available for businesses with revenue up to $5B.

At-Bay, the InsurSec provider for the digital age, today announced that AM Best has reaffirmed At-Bay Specialty Insurance Company’s Financial Strength Rating (FSR) of A- (Excellent) with a “Stable” outlook. The reaffirmation reflects AM Best’s confidence in At-Bay’s very strong balance sheet, disciplined underwriting strategy, and continued focus on operational excellence.

At-Bay, the InsurSec provider for the digital age, today announced the launch of its new Managed Extended Detection and Response (MXDR) platform, designed to give mid-market and small businesses access to enterprise-grade cybersecurity at an affordable cost. Spanning endpoint, cloud, identity, and email, At-Bay Stance MXDR provided by At-Bay Security, gives organizations unparalleled cybersecurity and proactive threat detection to stop attacks before they happen. According to claims data, 90% of all mid-market and small business cyber claims can be mitigated with At-Bay’s MXDR platform1.

At-Bay, the InsurSec provider for the digital age, today published its 2025 InsurSec Report, which details new trends in cyberattacks and financial losses among businesses. According to the report, which analyzes At-Bay claims data, ransomware attacks increased by nearly 20% in 2024, and the severity rose by 13%. The blast radius of ransomware continues to grow as businesses impacted by attacks on vendors and partners increased 43%, while the average cost of these third-party incidents jumped by 72%.

At-Bay, the InsurSec provider for the digital age, today announced the launch of two new InsurSec solutions that unlock significantly higher Financial Fraud coverage sub-limits1 for businesses with revenue up to $5B. At-Bay Stance Fraud Defense, a new proprietary email security solution, is uniquely designed to identify and stop email-based fraud attacks, which most of today's email security solutions do not detect. Available with every Cyber and Tech E&O policy placed by At-Bay, eligible businesses who adopt the solution can unlock up to $500K in financial fraud sub-limits. At-Bay Stance Managed Detection and Response (MDR) for Email goes even further, offering an advanced email security solution that combines Stance Fraud Defense with an AI-powered cloud security solution that is fully managed and monitored 24/7 by At-Bay’s managed security team. Customers with policies placed by At-Bay who adopt Stance MDR for Email could increase their financial fraud coverage sub-limits up to $1M.

At-Bay, the InsurSec provider for the digital age, today released its 2024 InsurSec Rankings Report - Email Security and Financial Fraud, which details new trends in email attacks and financial losses among mid-market and emerging businesses, and ranks today’s top email security solutions and email services from best to worst. One major finding from the report, which analyzes At-Bay’s email claims data from 2021 through the first half of 2024, shows that email incidents increased in the US in 2023, with the frequency of email claims jumping by nearly 25%. Financial fraud was also the most common email crime, involved in 3 of 5 email claims.

Global tech analyst firm Omdia and the InsurSec provider for the digital age, At-Bay, released new research today investigating the important role cyber insurance can play in a proactive cybersecurity strategy. The research found that organizations of all sizes are embracing proactive cybersecurity solutions and that cyber insurance is emerging as a key driver of cybersecurity spend decisions for many businesses. There is, however, a big opportunity for businesses to partner more closely with their insurance provider to unlock more effective risk reduction strategies, especially if the provider is a hybrid InsurSec (insurance and cybersecurity) provider.

At-Bay, the InsurSec provider for the digital age, announced today the appointment of Ken Riegler as President, At-Bay Insurance. Riegler brings a wealth of experience and a proven track record of success in the insurance industry, and is poised to advance At-Bay’s continued growth and service excellence.

At-Bay, the insurance provider for the digital age, announced today that AM Best has affirmed At-Bay Specialty Insurance Company’s Financial Strength Rating of A- (Excellent) with a “Stable” outlook. This rating indicates AM Best’s expectation that At-Bay’s very strong balance sheet and ongoing strategic initiatives will continue to drive consistent operating performance following its 2023 annual review.

At-Bay, the insurance provider for the digital age, announced today the expansion of its Cyber and Tech E&O Excess & Surplus coverage to businesses with up to $5B in revenue with aggregate limits up to $10M, in addition to other coverage enhancements.1 This expanded appetite and higher limit will enable brokers to offer At-Bay’s market-leading InsurSec solution to even more mid-market and enterprise businesses.

At-Bay, the InsurSec provider for the digital age, today released its 2024 InsurSec Report, which details new trends in ransomware attacks against mid-market and emerging businesses. One major finding from the report, which analyzes At-Bay’s ransomware claims data from 2022 to 2023: Ransomware didn't just grow in the US in 2023, it evolved, with the frequency of ransomware claims jumping 64% year-over-year. This was primarily driven by an explosion in “indirect” ransomware incidents which increased by more than 415% in 2023 than in 2022. Standing out among the biggest loss drivers were remote access tools, which accounted for 58% of ransomware attacks. Double leverage attacks - those using both data encryption and exfiltration - also grew by 51% in 2023, demonstrating that threat actors shifted their tactics to pressure more victims into paying ransoms.

At-Bay, the InsurSec provider for the digital age, today announced new enhancements to its flagship security solution, At-Bay Stance™ - the world’s first integrated InsurSec platform designed to help mid-sized to small businesses address cyber risk head-on. At-Bay’s Stance Exposure Management platform helps to proactively address two-thirds (66%) of the security risks that impact At-Bay’s policyholders1, such as email security, remote access, and misconfigured or unpatched systems. This is all done through a single unified security platform provided with every surplus cyber insurance policy placed through At-Bay*.

At-Bay, the InsurSec provider for the digital age, today announced the appointment of Martina Trucco as its Chief Marketing Officer. Since joining At-Bay in September 2022, Trucco has overseen the company’s emergence as the leading innovator of insurance and security (InsurSec) and transformed its marketing and communications strategy.

At-Bay, the InsurSec provider for the digital age, announced a new partnership today with CrowdStrike to help small-to-mid-sized businesses (SMBs) unlock access to the critical security capabilities they need to boost their cyber resilience and reduce risk in today’s fast-evolving threat landscape.

At-Bay, the InsurSec provider for the digital age, announced today that it has achieved the Amazon Web Services (AWS) Cyber Insurance Competency. This specialization recognizes At-Bay as an AWS Partner that helps AWS customers improve their security posture and find affordable cyber insurance policies through a new, simplified customer experience.

At-Bay, the InsurSec provider for the digital age, today announced it has been named in the annual Best Places to Work in Insurance program, which recognizes employers for their outstanding performance in establishing workplaces where employees can thrive, enjoy their work and help their companies grow.

At-Bay, the InsurSec provider for the digital age, announced the launch of At-Bay Stance™ Managed Detection and Response (At-Bay Stance MDR) today - a new MDR solution designed to help emerging and mid-sized businesses advance their security defenses and threat preparedness in light of rising cyber crime rates. By analyzing its claims data from the past two years, At-Bay estimates that more than 50% of its customers’ cyber insurance claims could have been mitigated with an effective MDR solution1.

Today, Goldman Sachs (NYSE:GS) is recognizing At-Bay’s Chief Executive Officer and Co-Founder Rotem Iram as one of the Most Exceptional Entrepreneurs of 2023 at its Builders and Innovators Summit in Healdsburg, California.

At-Bay, the InsurSec provider for the digital age, released new research today revealing the critical impact that data backups have on ransomware loss among US businesses. Published in the report, “Backup Breakdown: How Data Recovery Impacts the Outcome of Cyber Attacks”, one major finding reveals that of the 92% of At-Bay policyholders who invest in data backup solutions, less than two thirds (63%) successfully restore their data when they experience a ransomware attack, and more than one in four businesses (31%) see their backups fail.

At-Bay, the insurance provider for the digital age, today announced that it has added more than 40 new classes of business to its Miscellaneous Professional Liability (MPL) product and increased the eligible revenue limit for businesses to $50 million. Boosting the number of business classes available within the six most popular verticals offered by At-Bay MPL, the industries represented span the likes of Real Estate, Education, Consulting and Financial Services, Media and Communication, Employment and Staffing, and Legal and Security Services.

At-Bay, the insurance provider for the digital age, announced today the recent appointment of Kristie Felton as Head of Insurance. A highly accomplished industry veteran with more than two decades of experience in insurance, Felton was previously Head of Partnerships at At-Bay, having joined the company in 2020, before she transitioned to Interim Head of Insurance in March 2023. Felton’s long-tenured history cultivating specialty insurance growth through traditional and alternative distribution channels is what led leadership to recognize her as the best candidate to fill the Head of Insurance position long-term.

At-Bay, the insurance provider for the digital age, today announced that it has begun issuing Cyber and Tech E&O policies under its Delaware-based Excess and Surplus (E&S) carrier, At-Bay Specialty Insurance Company. Formed in January 2023, At-Bay Specialty Insurance Company received an AM Best A- (excellent) rating with stable outlook in April.

At-Bay, the insurance provider for the digital age, today announced the launch of At-Bay Stance — the world’s first InsurSec solution designed to help small-to-mid-sized businesses (SMBs) close their persistent security technology and skills access gap, all through their cyber insurance policy. With 98%1 of cyber insurance claims in the past five years coming from SMBs with revenue under $2B, according to a recent report from NetDiligence, providing an integrated solution to help businesses manage cyber risk is now more critical than ever. At-Bay Stance brings together best-in-class technology solutions and on-demand SecOps experts to help improve the security posture of every policyholder, regardless of their industry, budget, or technical expertise.

At-Bay, the insurance provider for the digital age, announced today that AM Best has assigned At-Bay Specialty Insurance Company a Financial Strength Rating of A- (Excellent), with a “stable” outlook. At-Bay Specialty Insurance Company is a Delaware-domiciled excess and surplus (E&S) lines property and casualty (P&C) carrier, acquired by At-Bay in January 2023.

At-Bay, the insurance provider for the digital age, has released a landmark report which ranks today’s most popular email security solutions and email solutions with the lowest to highest frequencies of cyber incidents related to email over a four year period. From across nearly 40,000 individual policyholders, the two email solutions that performed the best in their category were Mimecast and Google Workspace.

At-Bay, the insurance company for the digital age, today completed the acquisition of At-Bay Specialty Insurance Company, a Delaware-domiciled excess and surplus (E&S) lines property and casualty (P&C) insurer licensed in 44 states, from XL Insurance America, Inc. Industry veterans Gregg Davis and Rob Glanville will join the newly acquired At-Bay Specialty Insurance Company as Independent Directors, bringing their combined decades of insurance expertise to the insurer.

At-Bay, the leading insurance provider for the digital age, today announced the launch of a new admitted cyber insurance product. Approved in 47 states, At-Bay’s admitted policies will be sold exclusively through its growing partner network and will help cater to the insurance and security needs of today’s small businesses.

At-Bay, the leading insurance provider for the digital age, today announced that its Miscellaneous Professional Liability (MPL) insurance product will now be available via API to wholesale brokers, multi-carrier platform providers, and other distribution partners who service the insurance and small-to-medium sized business community.

At-Bay, the insurance provider for the digital age, today announced the acquisition of Relay, a technology solutions provider enabling the digital transformation of commercial insurance placements.

At-Bay, the specialty insurance provider for the digital age, today announced the launch of its Miscellaneous Professional Liability (MPL) product, becoming the first to offer an automatically underwritten policy that customizes coverage and pricing across more than 50 diverse classes of business.

At-Bay, the cyber insurance provider for the digital age, today announced the appointment of insurance industry veterans Scott Carmilani and David Lockton to its Board of Directors. With nearly six decades of experience between them, Carmilani and Lockton bring a strong track record of innovation and insurance expertise to At-Bay’s board.

At-Bay, the cyber insurance provider for the digital age, today announced the launch of a new cyber insurance program backed by two leaders in specialty insurance: Trisura Specialty Insurance Company and The Hartford Steam Boiler Inspection and Insurance Company (HSB).

At-Bay, the cyber insurance provider for the digital age, today announced it will provide three free months of services from Cloudflare, Inc. (NYSE: NET) to existing insurance customers to help strengthen their security.

At-Bay, the cyber insurance provider for the digital age, today announced Stephanie Lynch and Adam Petrone joined the company as Head of Reinsurance and Head of Insurance Operations and Strategy, respectively. Following a monumental 2021, during which the company closed $205 million in funding on a $1.3 billion valuation, and launched new partnerships with Microsoft and Cloudflare, Lynch and Petrone will help the company scale reinsurance and operations to maintain upward momentum.

At-Bay, the cyber MGA for the digital age, today announced Tom McArdle joined the company as National Broker Executive.

At-Bay, the insurance company for the digital age, today announced the closing of a $20 million extension to the company’s Series D financing, adding new investor ION Crossover Partners. The extension brings the Series D round to $205 million, valuing the company at $1.35 billion.

At-Bay, the insurance company for the digital age, today announced a collaboration with Microsoft to strengthen the cyber security posture of their customers as attacks become increasingly prevalent. In order to encourage stronger SMB security, customers can now save up to 15% on their At-Bay cyber insurance policy premium by utilizing Microsoft 365’s built-in security controls and comprehensive security services, while managing cyber risk with At-Bay’s free active risk monitoring.

At-Bay, the insurance company for the digital age, today announced the closing of a $185 million Series D financing. The new funding round was co-led by Icon Ventures and Lightspeed Venture Partners, with participation from existing investors including Khosla Ventures, M12, Acrew Capital, Qumra Capital, the HSB fund of Munich Re Ventures, entrepreneur Shlomo Kramer, and Glilot Capital.

At-Bay, the insurance company for the digital age, today announced Sunil Sekhri joined the company as Head of Security Services.

At-Bay, the insurance company for the digital age, today announced Sandy Perdiguerra joined the company as West Coast Regional Manager.

At-Bay, the insurance company for the digital age, today launched a new Technology Errors and Omissions quoting experience with an intuitive online application and an expanded auto-quote appetite.

At-Bay, the insurance company for the digital age, today announced Jim Prendergast joined the company as Head of Product Compliance and Enablement.