Munich Re acquiring Next Insurance for $2.6 billion, targeting small and medium-sized businesses

From Yahoo Finance: 2025-03-20 12:24:00

Munich Re is set to acquire Next Insurance, a US-based startup, for $2.6 billion. Next Insurance, based in Palo Alto, California, will merge with Munich Re’s primary insurance unit Ergo. The deal marks Munich Re’s entry into the US insurance market, targeting small and medium-sized businesses. Founded in 2016, Next Insurance provides property and casualty insurance and has attracted investments from Alphabet Inc. and Allianz SE.

Read more: Munich Re’s Ergo to Buy Next Insurance in $2.6 Billion Deal