ERGO Group, part of Munich Re, has accomplished its acquisition of NEXT Insurance coverage, a transfer that sees the complete integration of the US-based property and casualty insurer into its operations.
NEXT Insurance coverage, established in 2016, specialises in digital insurance coverage options tailor-made for small enterprise house owners within the US.
The corporate has reported a high line of $548m in 2024 and presently serves over 600,000 prospects with a workforce of round 700 workers.
NEXT Insurance coverage’s choices, which embody basic legal responsibility and employees’ compensation, are delivered by way of a digital platform.
The acquisition course of started with the signing of a definitive settlement in March 2025, which positioned the valuation of NEXT Insurance coverage at $2.6bn for the whole thing of its shares.
Previous to the transaction, ERGO held a 29% stake in NEXT Insurance coverage.
With the completion of the transaction, which met all required circumstances together with regulatory approvals, NEXT Insurance coverage turns into an integral a part of ERGO’s administration construction.
This acquisition marks its entry into the US insurance coverage market, focusing on the small and medium-sized enterprise phase.
The transaction is predicted to be mutually useful, with NEXT Insurance coverage’s proprietary expertise stack and its digital, automated underwriting and pricing platform complementing ERGO’s enterprise operations.
Conversely, ERGO’s experience in insurance coverage is anticipated to help the continued progress of NEXT Insurance coverage.
ERGO Group CEO Markus Rieß stated: “At the moment’s transaction closing represents an essential milestone in establishing ourselves as a related insurance coverage supplier within the USA. Along with NEXT Insurance coverage, we’ll seize the appreciable progress potential supplied by this enticing market as we increase our present enterprise portfolio.
“By way of the mixture of NEXT Insurance coverage’s technologically pushed, profitable market strategy and ERGO’s insurance coverage experience, we’ll ship worthwhile progress and added worth for all our stakeholders.”
This acquisition follows ERGO Group’s latest consolidation of its journey and medical health insurance companies in Denmark and Norway, respectively, right into a single entity.
