1818 ET - Guidewire Software saw growing demand across each tier of the property and casualty insurance industry in its latest quarter, with particular strength from the high-end of the market, CEO Mike Rosenbaum says during the company's earnings call. The company closed 17 cloud deals in the quarter, with seven core system deals with Tier 1 insurers and three with Tier 2 insurers, he says. Insurers are continuing to look to replace rigid systems with more agile platforms that allow them to deploy new products and lines of business faster, he says. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 18:18 ET (22:18 GMT)
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