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
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