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Munich Re buys Next Insurance for $2.6 billion to expand in U.S. small business insurance.
Munich Re, a German reinsurer, is acquiring digital insurance provider Next Insurance for $2.6 billion to expand its presence in the U.S. small business insurance market.
Next Insurance, founded in 2016, serves over 600,000 small businesses.
The deal, expected to close by the third quarter, will integrate Next Insurance into Munich Re's Ergo unit, potentially boosting earnings and market access.
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Munich Re compra Next Seguro por $2.6 mil millones para expandirse en el seguro de pequeñas empresas de EE.UU.