Guidewire to buy London's hyperexponential for $1.7B in AI underwriting push

Guidewire agreed to acquire London-based hyperexponential, an AI-native underwriting and pricing software provider for commercial P&C insurers, for $1.7 billion in cash plus up to $400 million in contingent consideration tied to recurring revenue targets.

Why it matters: The deal positions Guidewire to lead 'agentic underwriting'; hx's platform powers decisions on more than $75 billion in annual commercial premium.