Guidewire to acquire AI underwriting and pricing software maker hyperexponential for $1.7 billion in cash
Insurance software maker Guidewire said on Oct 27 it agreed to buy London-based hyperexponential (hx) for a base price of $1.7 billion in cash, plus up to $400 million tied to recurring-revenue targets. hx sells AI-native underwriting and pricing software to commercial P&C insurers. Closing is expected in Guidewire's fiscal Q2 2027, funded by a new $1.0 billion term loan and cash.
Why it matters: A large AI software deal in insurance underwriting: Guidewire says hx will let AI agents work with underwriters and actuaries to assess and price risk (company claim); hx says its platform powers over $75 billion in annual premium.