Munich Re enters $2.6bn deal for NEXT Insurance buyout [Yahoo! Finance]
MUENCHENER RE GP UNSP/ADR (MURGY)
NASDAQ:AMEX Investor Relations:
ir.kiterealty.com
Company Research
Source: Yahoo! Finance
Palo Alto, California-based NEXT Insurance will become part of ERGO, Munich Re's primary insurance business. The transaction is due to close in the third quarter of 2025 (Q3 2025), contingent on regulatory approvals and other standard conditions. Set up in 2016, NEXT Insurance is a tech-driven property and casualty insurer, specialising in catering to small business owners in the US. With its technology stack and digital underwriting platform, NEXT Insurance provides digital insurance coverage options such as general liability and workers' compensation. In 2024, NEXT Insurance reported a top line of $548m. The business presently employs approximately 700 people and serves more than 600,000 customers. ERGO and Munich Re have supported NEXT Insurance since 2017, with ERGO Group holding a 29% stake in the company. ERGO anticipates the integration will contribute “mid-triple-digit” million dollar earnings to net results in the medium term. Ardea Partners and Latham & Watkin
Show less
Read more
Impact Snapshot
Event Time:
MURGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MURGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MURGY alerts
High impacting MUENCHENER RE GP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
MURGY
News
- AI, cyber, and climate change will be the key insurance themes in 2026 [Yahoo! Finance]Yahoo! Finance
- Munich Re Specialty Announces Leadership Transitions at HSB and American ModernBusiness Wire
- Epson Tour releases 2026 schedule with 19 events [USA TODAY]USA TODAY
- Germany's Munich Re to cut costs but no job losses planned [Yahoo! Finance]Yahoo! Finance
- Munich Re targets $7.33bn IFRS net profit for 2026 [Yahoo! Finance]Yahoo! Finance