Next Insurance has been scooped by Munich Re for $ 2.6B

The Grani’s Germany of Munich has signed a definite agreement to acquire a digital insurance company Next insurance For $ 2.6 billion, business announced Thursday.

Founded in 2016, next Palo High Palo Insurance is focused on the insurance of small mediums. Was the value past $ 2.5 billion at the end of 2023 when raised $ 265 million. I am

The insurance backers include a group 11, Alliannis, the battery of the Ribit, Nation, and National Capital, Ribit the company has raised the company rose $ 1,2 billion in his life, According to crunchbase. I am

As many fintechs, next insurance assessment took a shot in the last few years. The start has been assessed to $ 4 billion In the 2021. Anythe dentedly entered “a top million $ 424, has more than 60000 clients, and jobs in a bit of 700 people.

With acquisition, the next insurance will become part of the ergo unit of Munich King. The agreement is expected to close in the third quarter of 2025, submitted to personal regulators and personal conditions.

Investment group 11 confirms Technivail, Noting that it has been an investment in the insurance by 2017, investing in 2018, 2019.

Munich re is buying 71% of the next insurance insurance that has not already, second Yellows. I am

Source link