-

AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Next Insurance US Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) from A- (Excellent) and the Long-Term Issuer Credit Rating to “aa” (Superior) from “a-” (Excellent) of Next Insurance US Company (Next US) (headquartered in Palo Alto, CA). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect Next US’s inclusion as a member of the lead rating unit, Munich Reinsurance Company (Munich Re), which on a consolidated basis has a balance sheet strength that AM Best assesses as strongest, as well as its strong operating performance, very favorable business profile and very strong enterprise risk management.

Next US was acquired by Munich Re to support expansion into the U.S. small and medium-size business segment. Munich Re had previously been a significant minority shareholder in Next US. Under Munich Re, Next US is anticipated to benefit from a greater amount of both implicit and explicit support, as it supports ongoing strategic initiatives for the greater group.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Dan Hofmeister, CPA, FRM, CAIA
Associate Director
+1 908 882 1893
dan.hofmeister@ambest.com

Steven M. Chirico, CPA
Director
+1 908 882 1694
steven.chirico@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Industry:

AM Best

Release Versions
English
Hashtags
#insurance

Contacts

Dan Hofmeister, CPA, FRM, CAIA
Associate Director
+1 908 882 1893
dan.hofmeister@ambest.com

Steven M. Chirico, CPA
Director
+1 908 882 1694
steven.chirico@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Social Media Profiles
AM Best / LinkedIn
More News From AM Best

AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limited Senior Unsecured Notes; Comments on Re-Opened Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” (Excellent) to the recently issued CAD 400 million, 4.4% senior unsecured notes, due February 2036, of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada) [TSX: FFH]. The outlook assigned to this Credit Rating (rating) is stable. At the same time, AM Best has commented that the Long-Term IR of “a-” (Excellent) on the CAD 300 million 5.1% senior unsecured notes, due August 2055,...

AM Best Assigns Credit Ratings to Redbridge Insurance Company and Affirms Credit Ratings of Redbridge Insurance Company Limited

MEXICO CITY--(BUSINESS WIRE)--AM Best assigned the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) to Redbridge Insurance Company (RIC) (Puerto Rico). The outlook assigned to the FSR is stable, while the outlook assigned to the Long-Term ICR is positive. Concurrently, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Redbridge Insurance Company Limited (RICL) (St. James, Barbados). The outlook...

AM Best Revises Outlooks to Positive and Affirms Credit Ratings of Seguros Universales, S.A.

MEXICO CITY--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Seguros Universales, S.A. (Universales) (Guatemala). The Credit Ratings (ratings) reflect Universales’ balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management. The positive ou...
Back to Newsroom