Munich Re to Fully Acquire Next Insurance in $2.6 Billion Deal

The acquisition, led by Munich Re's Ergo division, will strengthen its U.S. presence and is expected to close in Q3 2025 pending regulatory approval.

Munich Re is purchasing the remaining 71% of Next Insurance, valuing the U.S.-based company at $2.6 billion.
Ergo, Munich Re's primary insurance division, will become the sole owner of Next Insurance, which focuses on small business coverage.
The deal is expected to boost Ergo's net results by a mid three-digit million dollar amount over the medium term.
Founded in 2016, Next Insurance serves 600,000 customers with a workforce of approximately 700 employees.
The acquisition aligns with Munich Re's strategy to expand in the U.S. market and leverage technology-driven insurance solutions.