<ul><li>Germany's Munich Re has agreed to acquire digital insurance company Next Insurance for $2.6 billion.</li><li>Founded in 2016, Next Insurance focuses on providing insurance to small-to-medium-sized businesses and was last valued at $2.5 billion.</li><li>Next Insurance has raised nearly $1.2 billion and has over 600,000 customers with 700 employees.</li><li>Next Insurance will become part of Munich Re's Ergo unit, with the deal expected to close in Q3 2025.</li></ul>

Next Insurance gets scooped up by Munich Re for $2.6B

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