Kirkland Advises Munich Re on Acquisition of NEXT Insurance

Kirkland & Ellis advised insurance company Munich Re on its definitive agreement to acquire NEXT Insurance, a leading technology property & casualty insurer focusing on the U.S. small business market. The definitive agreement values NEXT at $2.6 billion. The closing of the transaction is subject to customary conditions, including obtaining required regulatory approvals, and is expected in the third quarter of 2025. The transaction was announced March 20, 2025.

Read the transaction press release

The Kirkland team included corporate lawyers Jack Yamin, Rajab Abbassi, Sandra Lewitz, Hayley Hollender, Josh Sullivan, Charlie Hu, Ben Virant; insurance transactions & regulatory lawyer Parimah Hassouri; tax lawyers Polina Liberman and Maria Smith; technology & IP transactions lawyers Vladimir Khodosh, Todd Herst, Sam Mohazzab and Roxana Azar; executive compensation lawyers Rohit Nafday and Maddison Riddick; employee benefits lawyers Alexandra Mihalas and Caitlin Pyrce; employment & labor lawyers Mari Stonebraker and Maayan Sachs; real estate lawyers Ian Craig and Adam Amdur; environmental lawyers Michael Saretsky and Persis Ticknor-Swanson; antitrust & competition lawyers Edward Sharon and Psalm Cheung; international trade & national security lawyers Mario Mancuso, Luci Hague, Chad Crowell and Brandon Ricaurte; and litigation lawyers Jordan Peterson and Josh Kravitz.