Shearman & Sterling represented Next Insurance, Inc. in its private offering of shares of Series G Preferred Stock to affiliates of Allstate Insurance and Allianz X for a total purchase price of approximately $265 million.

Next Insurance is an online commercial insurance provider specializing in coverage for small businesses and entrepreneurs based in Palo Alto, California. Next Insurance serves more than 500,000 customers, delivering tailored policies to more than 1,000 types of businesses.

The Team