Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion
Oct 27 : Insurance software maker Guidewire said on Tuesday it would buy hyperexponential for $1.7 billion in cash and up to $400 million more if revenue targets are met, to expand into AI tools that help insurers assess price and risk.
- London-based hyperexponential makes AI-powered underwriting and pricing software for commercial property and casualty insurers
- The deal will let AI agents work alongside underwriters to assess risk, price it and make decisions, Guidewire said
- It will fund the deal with $1 billion in new term loans from Bank of America and Citibank as well as cash on hand
CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less • The deal is expected to close in the second quarter of Guidewire’s fiscal 2027 and will not affect its first-quarter forecast • Guidewire’s whose software is used by more than 570 property and casualty insurers in 44 countries
- The deal is expected to close in the second quarter of Guidewire’s fiscal 2027 and will not affect its first-quarter forecast
- Guidewire’s whose software is used by more than 570 property and casualty insurers in 44 countries
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