Munich Re completed a $250m investment in Next Insurance.

Munich Re, a provider of reinsurance, primary insurance and insurance-related risk solutions, completed a $250m investment in Next Insurance, a US-based firm that sells insurance products to small businesses. "Next Insurance's data- and technology-driven business model offers outstanding growth opportunities, which we will harness together. Next Insurance will benefit from our expertise in primary insurance and reinsurance. This investment emphasizes Munich Re's commitment to be the leading provider of digital insurance solutions. It also helps Munich Re expand its footprint in the promising insurance market for small and medium-sized commercial customers in the United States. We are confident that building on our proven collaboration will benefit both Munich Re and Next Insurance," Joachim Wenning, Munich Re Chairman of the Board of Management.