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Germany has signed a definite agreement to acquire Munich Re Digital Insurance Company Next insurance $ 2.6 billion, firms declared Thursday.
Founded in 2016, Palo Alto-based next insurance is aimed at providing insurance to small-skin-medium-sized enterprises. In late 2023, this was not the last value of 2023 in the late 2023 $ 265 million.
The next insurance set includes 11 groups 11, allianz x, battery enterprises, capital g, redpoint viruses, nationalism, amex enterprises, ribbit capital and others. The company collected about $ 1.2 billion in the country. According to Crunchbase.
Like many Fintechs, the next insurance assessment took hit in recent years. The beginning was assessed $ 4 billion In 2021, in the next 2024, in 2024, the “$ 548 million first line” has more than 600,000 customers and employs about 700 people.
The next insurance with the purchase will become part of the Ergo unit of Munich Munich. The transaction is expected to be subject to regulatory approval and customary conditions in the third quarter of 2025.
Investor Group 11, 2017, 2019, 2019, in 2019, he said that he would have invested in persecading in persecution, he said he got to TechCrunch.
Munich re, purchases 71% of the next insurance shares they do not. Globes.
