ERGO acquires NEXT Insurance, targeting small business owners in the US

ERGO Group, a Munich Re subsidiary, has finalized the acquisition of NEXT Insurance, integrating the US-based property and casualty insurer into its operations. NEXT Insurance, established in 2016, focuses on digital insurance solutions for small business owners in the US, generating $548m in 2024 and serving over 600,000 customers.

The acquisition process began with a definitive agreement in March 2025, valuing NEXT Insurance at $2.6bn. ERGO, holding a 29% stake before the transaction, now fully owns the company. NEXT Insurance’s offerings, like general liability and workers’ comp, are delivered digitally. This move marks ERGO’s entry into the US market, targeting small and medium-sized businesses.

ERGO Group CEO Markus Rieß sees the completion of the transaction as a significant step in establishing a foothold in the US insurance market. The acquisition is expected to be mutually beneficial, with NEXT Insurance’s technology and automation complementing ERGO’s expertise. This acquisition follows ERGO’s recent consolidation of travel and health insurance businesses in Denmark and Norway.

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Read more at Yahoo Finance: ERGO concludes acquisition of NEXT Insurance