Acrisure has completed the acquisition of technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and advancing its data-led underwriting capabilities.
Following the transaction, Vave becomes part of Acrisure Underwriting, a growing platform of MGAs focused on delivering specialised solutions across the US. The business will continue to operate under its existing brand, led by CEO Marek Shafer and its founding leadership team.
Vave is known for its technology-first approach, combining data, science, and underwriting expertise to deliver instantly bindable quotes for catastrophe-exposed excess and surplus (E&S) property risks. Its platform, powered by API integrations, currently generates more than 10,000 quotes per day across commercial, homeowners, flood, and earthquake coverage.
The acquisition enhances Acrisure’s ability to scale digital underwriting solutions, particularly in high-risk and catastrophe-prone regions. Vave has recently expanded into California with tailored home and commercial property products and is set to introduce additional offerings targeting complex risk environments.
Importantly, Canopius Group will continue to support Vave as a capacity provider under a multi-year agreement, ensuring continuity and stability as the MGA enters its next phase of growth.
Leadership at Acrisure highlighted the strategic value of the deal in expanding access to innovative insurance products for underserved markets, particularly for families and small businesses in disaster-exposed areas.
The move reflects a broader trend of fintech-driven insurers investing in scalable, technology-enabled underwriting platforms to improve speed, accuracy, and accessibility across the insurance value chain.
