Today’s issue of WorkCompRecap features the recent announcement from Guidewire that it has reached a definitive agreement to acquire FirstBest Systems, a provider of an underwriting management system to P/C insurers.
Guidewire noted that the addition of FirstBest’s software will help in providing insurers in the U.S. and Canada that write complex commercial, specialty, and workers’ compensation lines greater support for their risk assessment and decision-making processes. The transaction is expected to close in approximately four weeks. Guidewire noted that it does not expect the acquisition of FirstBest to have a material impact on its financial results for fiscal year 2017.
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