Amrit Santhirasenan

Money Moves

Leading hyperexponential through its acquisition by Guidewire

Guidewire, the software backbone for more than 570 property and casualty insurers in 44 countries, agreed Monday to buy London-based hyperexponential for $1.7 billion in cash, plus up to $400 million more if revenue targets are met. hyperexponential's AI pricing software has powered underwriting decisions on more than $75 billion in annual commercial insurance premium.

Updated 1 hour ago