Munich Re said it has acquired Next Insurance, which will become part of the reinsurer’s major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo already owned nearly 30% of the digital insurance company’s …
Munich Re’s ERGO insurance unit has agreed to take a 24.9% stake in Taishan Property & Casualty Insurance Co. Founded in 2011, Taishan Insurance is a nationwide property and casualty insurer based in Shandong, China. The transaction is a further …
Munich Re, the world’s second-biggest reinsurer, reported second-quarter profit that beat analysts’ expectations as gains from currencies and investments cushioned higher claims from natural disasters and restructuring charges at its Ergo primary-insurance unit. Net income declined to 974 million euros …
Munich Re’s ERGO Insurance unit may cancel its planned 90.1 million euro ($100 million) acquisition of Greece’s ATE Insurance SA if the country doesn’t return to stability. “Depending upon how the political situation develops, it is possible that we will …
