Small business-focused insurtech NEXT Insurance has announced the promotion of Rachel Jrade-Rice to general counsel.
Jrade-Rice joined NEXT in 2020 as insurance regulatory counsel and has since served as head of regulatory affairs and associate general counsel of regulatory affairs. In January, she was named interim general counsel.
“Rachel rose quickly through the ranks at NEXT, proving time and again her ability to move the needle and impact innovative change for our small business customers,” said Teodora Gouneva, chief financial officer at NEXT. “She did an excellent job taking on the additional responsibilities of interim general counsel, and I am confident that Rachel’s extensive legal and insurance expertise and passion to lead makes her the right person for this role. I am looking forward to working with her in the years ahead.”
Jrade-Rice has more than a decade of legal experience and has managed multibillion-dollar programs, according to NEXT. Prior to joining the company, she served as assistant attorney general in the Tennessee Attorney General’s Office and assistant commissioner at the Tennessee Department of Commerce and Insurance.
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“I made the decision to join NEXT because I was inspired by its mission and innovative, tech-forward approach to insurance,” Jrade-RIce said. “NEXT puts small businesses at the heart of everything it does, and being part of a mission-driven company was important to me. I have an incredible team, and I feel privileged to work with them every day. I am honored to take on this role and continue to help small businesses thrive.”
Last month, NEXT Insurance announced the appointment of Jack Ramsey as vice president of agents. In March, the company launched a partnership with LegalZoom to help small business owners create and protect their businesses online.
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