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21 March 2025Insurance

Munich Re takes ERGO stateside with $2.6bn bet on tech-savvy P&C player

Munich Re has pushed its major primary insurance arm into the US market with a $2.6 billion acquisition deal of a property & casualty (P&C) insurtech. The reinsurer sees this as a strategic move into “highly attractive markets overseas”, expecting mid-triple-digit million-dollar earnings in return.

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