Guidewire to buy AI underwriting firm Hyperexponential for $1.7 billion

Insurance software company Guidewire is acquiring UK-based Hyperexponential, which makes AI underwriting tools, for $1.7 billion in cash, with up to $400 million more tied to revenue targets. The deal, expected to close next year, aims to bring AI agents into underwriting and pricing. Founded in 2017, Hyperexponential says nearly 600 insurers in 40 countries use its software.