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

(NASDAQ:NEXT) OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--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