1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. California >
  6. Munich Re Acquires Next Insurance

M&A Deal Summary

Munich Re Acquires Next Insurance

On March 20, 2025, Munich Re acquired insurance company Next Insurance for 2.6B USD

Acquisition Highlights
  • This is Munich Re’s 7th transaction in the Insurance sector.
  • This is Munich Re’s largest (disclosed) transaction.
  • This is Munich Re’s 7th transaction in the United States.
  • This is Munich Re’s 1st transaction in California.

M&A Deal Summary
Date 2025-03-20
Target Next Insurance
Sector Insurance
Buyer(s) Munich Re
Deal Type Add-on Acquisition
Deal Value 2.6B USD

Target

Next Insurance

Palo Alto, California, United States
Next Insurance is transforming small business insurance with simple, digital, and affordable coverage tailored to the self-employed. Next Insurance offers policies that are easy to buy in 10 minutes or less and provides 24/7 access to services such as Live Certificates of Insurance, Additional Insured, and more, with no extra fees. Next Insurance was founded in 2016 and is based in Palo Alto, California.

Search 208,006 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Get Full Access What is Mergr?

Buyer(S) 1

Buyer

Munich Re

Munich, Germany
Category Company
Founded 1880
Sector Insurance
Employees42,838
Revenue 60.1B EUR (2023)
DESCRIPTION

Munich Re is a global reinsurance company. ERGO, a Munich Re subsidiary, is the Group’s primary insurance brand. Munich Re was founded in 1880 and is based in Munich, Germany.

DEAL STATS #
Overall 11 of 11
Sector: Insurance M&A 7 of 7
Type: Add-on Acquisition M&A Deals 8 of 8
State: California M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Digital Edge Insurance

Wilmington, Delaware, United States

Digital Edge Insurance is an operator of an Insurance Company will enable the ManyPets group to underwrite its own policies in 45 states. Digital Edge Insurance is based in Wilmington, Delaware.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-02 Clareto

Richmond, Virginia, United States

Clareto is a medical record retrieval company for the life insurance industry. Clareto engages health information exchanges (HIEs), healthcare providers, and other data sources and facilitates the electronic exchange of health information pursuant to HIPAA-compliant authorizations in support of underwriting, claims, and other business processes for the life insurance industry. Clareto was founded in 2016 and is based in Richmond, Virginia.

Sell -
Mergr

Solution for

Product

Company

Legal