Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion

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 • 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