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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 · TOPICS

Business & markets

Funding and deals, leadership and digital strategy, and adoption in the GCC.

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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 Newswire this week

The Newswire →
  1. Guidewire to acquire hyperexponential ↗Coverager · Funding, M&A & Partnerships · 27 Oct · Our report
  2. CoverGo raises $6m Series B1 to scale AI insurance platform ↗FinTech Global · Funding, M&A & Partnerships · 29 Oct
  3. SCOR appoints Kalachian Head of Alternative Solutions, North America ↗Reinsurance News · People & Digital Strategy · 29 Oct
  4. Barclays Turns to Insurers to Hedge Billions of Data Center Debt ↗Insurance Journal (international) · Funding, M&A & Partnerships · 29 Oct
  5. Pacific Life Re announces protection leadership changes across global markets ↗Reinsurance News · People & Digital Strategy · 29 Oct
  6. Hippo and Greenlight Re establish partnership to support emerging MGAs ↗Reinsurance News · Funding, M&A & Partnerships · 29 Oct
  7. Enstar enters into ADC reinsurance agreement with Markel ↗Reinsurance News · Funding, M&A & Partnerships · 29 Oct
  8. Chubb appoints Lucas Scortecci as Head of Financial Lines for CEMENA ↗Reinsurance News · People & Digital Strategy · 29 Oct

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