Overview

• 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.