Guidewire Software Names New CEO

Guidewire Software, a leading provider of flexible core systems to property/casualty insurers, announced that Marcus Ryu, a Guidewire co-founder, has assumed the role of chief executive officer.

As CEO, Marcus Ryu is responsible for the day-to-day operations and future direction of Guidewire Software. Marcus is a co-founder of Guidewire; serving in a key leadership role and on the company's Board of Directors since the company's founding. Marcus succeeds John Raguin as CEO.

"We are in a great position today - recently finishing our best fiscal year ever - because of John's leadership and perseverance," said Marcus Ryu, chief executive officer, Guidewire Software, Inc. "All of us at Guidewire are deeply indebted to John's service to the company and we wish him and his family the very best. I am deeply honored to have the opportunity to succeed him in leading this great team."

"I have enjoyed my time as CEO immensely and congratulate Marcus on his new role," said Raguin, also a Guidewire co-founder. "Guidewire has experienced rapid growth and has built a strong reputation in the P/C industry. I am very proud of the amazing things accomplished by Guidewire's employees, partners and customers. Being based in California near company headquarters and having tremendous experience in all aspects of Guidewire's operations, Marcus is the ideal leader for the company's next phase of growth."

John will continue to work with Guidewire in the capacity of vice president and executive advisor. About Guidewire Software Guidewire Software is a leading provider of flexible core systems that enable property/casualty insurers to deliver insurance the way they want to. Guidewire builds high quality software that consistently works as promised. Designed for maximum flexibility and scalability, Guidewire solutions give carriers the capability to deliver excellent service to policyholders and agents and increase market share - while lowering operating costs. The Guidewire Insurance Suite™, consisting of Guidewire PolicyCenter®, Guidewire BillingCenter®, and Guidewire ClaimCenter®, spans the entire insurance lifecycle - underwriting, policy administration, billing, and claims management. Guidewire is headquartered in San Mateo, California, with offices in London, Munich, Paris, Sydney, Tokyo, and Toronto. For more information, please visit www.guidewire.com.

NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, Guidewire BillingCenter, Guidewire Insurance Suite, Deliver Insurance Your Way, and the Guidewire logo are trademarks or registered trademarks of Guidewire Software, Inc.