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 homeowners within the US.
The corporate has reported a prime line of $548m in 2024 and at present 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 means 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 everything 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 situations 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 helpful, with NEXT Insurance coverage’s proprietary know-how stack and its digital, automated underwriting and pricing platform complementing ERGO’s enterprise operations.
Conversely, ERGO’s experience in insurance coverage is anticipated to assist the continued progress of NEXT Insurance coverage.
ERGO Group CEO Markus Rieß stated: “Right now’s transaction closing represents an vital milestone in establishing ourselves as a related insurance coverage supplier within the USA. Along with NEXT Insurance coverage, we are going to seize the appreciable progress potential provided by this engaging market as we develop our current enterprise portfolio.
“Via the mixture of NEXT Insurance coverage’s technologically pushed, profitable market method and ERGO’s insurance coverage experience, we are going to ship worthwhile progress and added worth for all our stakeholders.”
This acquisition follows ERGO Group’s current consolidation of its journey and medical health insurance companies in Denmark and Norway, respectively, right into a single entity.
