Munich Re invests 2.6 billion USD to fully acquire Next Insurance, enhancing its position in the USA small and medium-sized enterprise insurance sector.

This Thursday, Ergo, a direct insurance company under the Munich Re Group in Germany, announced that it will acquire the 71% equity stake in Next Insurance that it does not yet Hold, achieving full ownership of this California-based Insurance Technology company in the USA. This Trade values Next Insurance at $2.6 billion and marks a further strengthening of the European insurance giant's Global Strategy in the small and medium-sized enterprise insurance market in the USA. Key highlights of the Trade: Strategic synergy: As the direct insurance platform of the world's largest reinsurance company, Ergo fully acquires Next Insurance in terms of digitalization through this merger.

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