Reinsurance News
Next Insurance
NEXT Insurance gets A+ Superior rating from AM Best
18th September 2025
NEXT Insurance, a digital insurtech specialising in small businesses, has secured an A+ Superior rating and an AA Superior long-term rating from credit rating agency, AM Best. NEXT’s upgraded rating, according to AM Best, demonstrates its financial strength and reliability, reinforcing its ability to support entrepreneurs across a broad range of ... Read the full article
Small business owners face economic pressures as confidence in insurance coverage wanes: NEXT
12th May 2025
A new survey from NEXT Insurance, a digital insurtech company focused on serving small businesses, reveals that economic pressures remain intense for entrepreneurs heading into 2025. The findings, drawn from a sample of 500 small business owners across the United States, show that inflation and labor shortages continue to be the ... Read the full article
AM Best places Next Insurance’s ratings under review following Munich Re acquisition
26th March 2025
Credit rating agency AM Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Next Insurance US Company (Next US) under review with positive implications. This follows the definitive agreement, signed on March 19, 2025, between Munich Re and Next ... Read the full article
Munich Re acquires Next Insurance, to become part of ERGO
20th March 2025
Munich Re has signed a definitive agreement to acquire NEXT Insurance, which is to become part of ERGO, Munich Re’s primary insurance arm, marking a significant expansion into the US small and medium-sized businesses (SMB) segment. Over 30 million small businesses, spanning more than 1,000 professions, operate in the US, accounting ... Read the full article
NEXT Insurance to enhance underwriting processes with ZestyAI partnership
18th February 2025
ZestyAI, a provider of AI-driven climate and property risk analytics, has partnered with commercial insurer NEXT Insurance to bring AI- powered risk insights to small business insurance. Under this agreement, NEXT will adopt ZestyAI’s Z-PROPERTY and Z-FIRE models to enhance its underwriting processes with precise, property-level risk insights. Attila Toth, CEO of ... Read the full article
NEXT Insurance enters partnerships with Allstate and Allianz X
1st November 2023
NEXT Insurance, a digital insurtech specialising in small businesses, has announced it has entered into strategic partnerships with US primary insurer Allstate, and Allianz X, an investor in digital frontrunners in ecosystems relevant to insurance and asset management. Partnership fuels a new $265 million equity raise from Allstate and Allianz X ... Read the full article
NEXT Insurance’s new offering enables agents to customize coverage quotes
22nd September 2023
NEXT Insurance a leading digital insurtech company has announced a differentiated new offering that will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. According to the announcement, NEXT’s Coverage Builder represents a major leap in allowing agents to possess the ability to ... Read the full article
We want to provide a digital solution in the micro small business space for our agents: NEXT’s Ramsey
29th August 2023
NEXT Insurance, an insurance provider for small businesses recently expanded its offerings for its clients with the launch of commercial umbrella/excess liability across 41 US states. The company has stated that it is confident that this highly requested offering will address the demand that they have seen from both ... Read the full article
NEXT launches commercial umbrella/excess liability coverage for small business owners
4th August 2023
NEXT Insurance, a digital small business insurer, is expanding its insurance offerings for small businesses with the launch of commercial umbrella/excess liability in 41 states, as well as the expansion of liquor liability coverage in seven additional states. According to the announcement, commercial umbrella/excess liability insurance includes the same coverage, conditions, ... Read the full article
NEXT Insurance strengthens commitment to agents with Ivans Download integration
14th July 2023
NEXT Insurance, a digital insurtech, has announced its integration with Ivans Download for General Liability and Workers' Compensation policies. According to NEXT, this feature offers a seamless exchange of policy data between the firm and its appointed agents, furthering the company's commitment to facilitating an efficient process for agents and the ... Read the full article
NEXT Insurance appoints Rhodes as Chief Insurance Officer
7th December 2022
NEXT Insurance a leading digital insurtech company has appointed Chris Rhodes as the company's first Chief Insurance Officer. Within this role, Rhodes will use his extensive industry experience to focus on the insurance function to support product development, elevate the claims automation experience and help connect profit management and loss ... Read the full article
Insurtech NEXT partners with Amazon on third-party seller insurance platform
11th August 2021
Insurtech company NEXT Insurance will be participating in Amazon Insurance Accelerator, a platform that provides the online marketplace's sellers with cover via instant quotes. It was revealed this week that Marsh has been working closely with Amazon on the platform. NEXT's new feature automatically adds Amazon as an 'additional insured' and ... Read the full article
Munich Re, Alphabet-backed insurtech Next secures $250mn in funding
24th September 2020
Next Insurance, the digital insurtech firm backed by Munich Re, has raised $250 million in a Series D financing round led by Alphabet's independent growth fund, CapitalG. Alphabet is the parent company of Google and several former Google subsidiaries. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors. Next Insurance ... Read the full article
Insurtech Next Insurance grows premium base, enters NY market
3rd March 2020
Next Insurance, the digital insurtech firm backed by Munich Re, has reported that its annual gross written premiums grew by more than three times over in 2019, bringing the company’s annual premium run rate to over $100 million. The firm also announced that it has been granted approval by the State ... Read the full article
Munich Re’s HSB Ventures leads $29mn Next Insurance capital raise
5th May 2017
Munich Re's venture capital subsidiary, HSB Ventures, has led a $29 million Series A round of funding for Next Insurance, an online insurance platform designed for small to medium sized businesses. Reinsurance giant Munich Re's HSB Ventures led the capital raise alongside Markel, Nationwide, and other existing investors, says Next Insurance. "The small ... Read the full article
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