After surpassing $110M in annual net revenue, At-Bay appoints Ken Riegler as President
After surpassing $110M in annual net revenue, At-Bay appoints Ken Riegler as President
The insurtech unicorn recorded gross insurance premiums of $301 million in 2023
Insurtech unicorn At-Bay announced on Tuesday the appointment of Ken Riegler as President, At-Bay Insurance.
Riegler joins At-Bay with over 25 years of experience in commercial underwriting, alternative risk management and distribution. Most recently, Riegler served as AIG’s President of North America General Insurance, Retail and Field Operations, overseeing a diverse multi-billion dollar portfolio including Property, Casualty, Financial Lines, and Specialty. Prior to this he was the President of North America Casualty for XL Catlin (now AXA XL) and President of ACE Group’s Multinational Client Group for North America (now Chubb).
"We are thrilled to welcome a leader of Ken's caliber to the At-Bay team," said Rotem Iram, CEO and Co-Founder of At-Bay. "Ken’s deep industry expertise scaling highly successful insurance organizations and products makes him the perfect fit to help lead our company’s growth and build the next generation of insurance."
"At-Bay is known as an industry leader, delivering innovation and service excellence to its customers and partners, and I’m excited to be able to contribute to its ongoing growth and success," said Riegler. "Combining cutting-edge AI and machine learning technology with insurance innovation and cybersecurity expertise, no company is better positioned than At-Bay as the preferred cyber insurance and InsurSec provider for brokers and businesses."
In 2023, At-Bay recorded gross insurance premiums of $301 million (up 20% from 2022, despite falling insurance prices) and had more than $110 million in net revenue. The trend has increased during 2024 in light of the growing demand for solutions and cyber insurance due to the escalation of attacks and frauds in the digital space.
