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THE MORNING EDITIONInsurance. Risk. A changing world.
Morning edition / 29 October 2026Two editions a day, wire updated in between · How we report · The team

THE DIGITAL INSURER · BUSINESS & MARKETS

Funding and deals

Insurtech and insurance-AI funding rounds, acquisitions of AI vendors, down-rounds and shutdowns.

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Funding and dealsGCC adoption

Company announcement

AI in Insurance

Guidewire agrees to buy AI underwriting firm hyperexponential for up to $2.1bn

Guidewire has agreed to buy London-based hyperexponential, which sells AI underwriting and pricing software to commercial insurers, for $1.7bn in cash plus up to $400m tied to revenue targets. The core-systems vendor will fund the deal partly with $1bn of new term loans and expects to complete it in the second quarter of its 2027 fiscal year.

Source: Guidewire Software (SEC Form 8-K, Exhibit 99.1)

Company announcement

AI in Insurance

AI-led E&S insurer Ledgebrook raises $200m as Allianz Re agrees to enter multi-year reinsurance deal

Boston-based specialty insurer Ledgebrook raised USD 200 million in primary equity in a round co-led by Allianz X and Rockefeller Capital Management. Allianz Re also agreed to enter a multi-year reinsurance agreement with the company, which writes US excess and surplus lines cover through wholesale brokers and prices risks with its own AI platform.

Source: Ledgebrook

On the wire

AI on the wire →

  1. CoveragerAI in InsurancePress release

    Avante raises $30 million Series A ↗

    Avante raises $30m Series A; its AI tools help employers analyse benefits documents.

    Also: FinTech Global

  2. AddedMunich ReAI in InsurancePress release

    October 05, 2022 Munich Re buys API-focused insurtech ↗

  3. AddedMunich ReAI in InsurancePress release

    January 31, 2019 Munich Re to become a shareholder in the acclaimed German Research Centre for Artificial Intelligence ↗

  4. AddedMunich ReAI in InsurancePress release

    October 24, 2018 HSB Closes Acquisition of relayr ↗

    HSB closes its acquisition of the IoT insurtech relayr.

  5. AddedShift TechnologyAI in InsurancePress release

    Shift Technology Secures Investment from Guidewire Strategic Investment Extends Company’s Recent Series D Funding Round and Strengthens Existing Partnership PARIS and BOSTON – November 2, 2021 – Shift Techn ↗

    Guidewire makes a strategic investment in Shift Technology, extending its Series D round.

  6. AddedShift TechnologyAI in InsurancePress release

    Shift Technology Secures $220 Million in a Series D Investment Round Led by Advent International PARIS and BOSTON – May 06, 2021 – Shift Technology, a SaaS provider of artificial intelligence (AI)-driven decision automation and optimization solutions f ↗

  7. CoveragerAI in InsurancePress release

    TempusDirect secures investment from Aldrich Capital Partners ↗

  8. Reinsurance NewsAI in InsurancePress release

    Guidewire agrees $1.7bn deal for AI underwriting and pricing software firm hyperexponential ↗

    Guidewire agreed to buy hyperexponential for $1.7bn cash plus up to $400m contingent on recurring revenue targets.

    Also: Coverager, Insurance Journal (international), Insurance Post, Insurance Times and 8 more

  9. AddedHiscoxAI in InsurancePress release

    Hiscox agrees to acquire US-based specialist insurtech ↗

  10. Al MorakebTranslated from Arabic (original ↗)AI in InsuranceMarketing claimPress release

    Swiss insurance broker LTY attracts a new investor to support its digital expansion ↗

    Akiden Ventures takes a minority stake in Swiss digital broker LTY to fund expansion and planned AI risk tools.

  11. AddedMunich ReAI in InsurancePress release

    August 19, 2026 | Media release Munich Re Group to Acquire Cyber Insurtech At-Bay ↗

  12. AddedAvivaAI in InsurancePress release

    Aviva extends 10 year partnership with Founders Factory ↗

  13. AddedGallagher ReAI in Insurance

    InsurTech 6 August 2026 Reports Global InsurTech Report for Q2 2026 ↗

    Gallagher Re publishes its Global InsurTech Report for Q2 2026.

  14. Insurance Innovation ReporterAI in InsurancePartnership

    ITC Brief: Mapfre Explores AI Distribution Through Tuio Investment ↗

  15. CoveragerAI in InsurancePress release

    Marrow raises $2 million ↗

    Marrow has raised $2 million and says it has been live with Aviva since March.

  16. CoveragerAI in InsurancePress release

    Atlian raises pre-seed funding for construction insurance software ↗

  17. CoveragerAI in InsurancePress release

    Readily raises $11 million Series A ↗

    Readily has raised an $11 million Series A; L.A. Care Health Plan is among the organisations it works with.

  18. vinpatel.comAI in Insurance

    Slingshot's $27M Seed Bets Checkout Insurance Needs Its Own Insurer ↗

    Slingshot's $27 million seed round backs checkout insurance, which the article argues needs its own insurer.

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