Guidewire, an insurance software company, is acquiring hyperexponential, a UK-based AI firm specializing in AI-powered underwriting and pricing software for commercial property and casualty insurers, for up to $2.1 billion. The deal will allow AI agents to work alongside underwriters, helping them assess risk, price policies, and make decisions. Guidewire will fund the deal with $1 billion in new term loans from Bank of America and Citibank, as well as cash on hand. The acquisition is expected to close in the second quarter of Guidewire's fiscal 2027 and will not affect its first-quarter forecast. Guidewire's software is used by over 570 property and casualty insurers in 44 countries.
Key points
Guidewire is acquiring hyperexponential, a UK-based AI firm specializing in AI-powered un…: Guidewire is acquiring hyperexponential, a UK-based AI firm specializing in AI-powered underwriting and pricing software for commercial property and casualty insurers, for up to $2.1 billion.
The deal will allow AI agents to work alongside underwriters, helping them assess risk, p…: The deal will allow AI agents to work alongside underwriters, helping them assess risk, price policies, and make decisions.
Guidewire will fund the deal with $1 billion in new term loans from Bank of America and C…: Guidewire will fund the deal with $1 billion in new term loans from Bank of America and Citibank, as well as cash on hand.
Sources checked by our analysis pipeline: 1
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
### Briefing Trend Micro's TrendAI discovered that an Israeli adtech company, Discover-Tech, has been heavily targeting users of Starlink, a satellite internet service. The company has been found to be geolocating or surveilling users in 100+ countries. This suggests that the company is likely using the satellite service to target and potentially monitor users.
### Briefing A 45-year-old teacher in Russia's Dagestan region has spent nine years walking 14 kilometers through mountainous terrain every day to reach a school where just three children study. Khadijat Magomedova, who serves as both the head of Khonok Primary School and its only teacher, reportedly takes around four hours to complete the daily journey to and from work. The school is located in the Shamil district at an altitude of approximately 1,800 meters above sea level.
AI-powered tools are enabling the creation of digital clones and face swaps, revolutionizing the way fashion is designed, marketed, and experienced. These technologies allow for the creation of personalized and realistic digital versions of models, celebrities, and influencers, making it easier for brands to showcase their products and engage with fans. The use of AI in fashion also opens up new possibilities for the creation of digital avatars and virtual influencers, blurring the lines between reality and virtua…