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19 April 2018

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Munich Re leads $29mn funding round at Next Insurance

Bernard Goyder 5 May 2017

California-based managing general agency (MGA) start-up Next Insurance has raised $29mn from investors led by Munich Re's InsurTech investment arm, HSB Ventures.

Next Insurance sells cover directly to small businesses.

Markel and Nationwide were among the other investors which participated in the funding round, Next Insurance said. Venture capital data provider Crunchbase named Munich Re as the lead investor in the round.

Next Insurance, founded by Guy Goldstein, Nissim Tapiro, and Alon Huri last year, raised $13mn in March 2016...

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