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flag Munich Re buys Next Insurance for $2.6 billion to expand in U.S. small business insurance.

flag 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. flag Next Insurance, founded in 2016, serves over 600,000 small businesses. flag 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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