Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting capabilities.
Following the transaction, Vave will join Acrisure Underwriting, the company’s growing platform of MGAs focused on delivering specialised insurance solutions across the US, according to InsurTech Insights.
The business will continue operating under the Vave brand and remain led by CEO Marek Shafer and its founding leadership team.
Vave has built a reputation for its technology-first underwriting model, combining data science and underwriting expertise to generate instantly bindable quotes for catastrophe-exposed excess and surplus (E&S) property risks.
Powered by API integrations, the platform currently produces more than 10,000 quotes per day across commercial, homeowners, flood and earthquake coverage.
The acquisition strengthens Acrisure’s ability to scale digital underwriting capabilities, particularly in catastrophe-prone and high-risk markets. Vave recently expanded into California with tailored home and commercial property products and plans to introduce additional offerings aimed at complex risk environments.
As part of the transaction, Canopius Group will remain a capacity provider under a multi-year agreement, supporting continuity as Vave enters its next stage of growth.
The deal reflects a wider trend across the insurance industry, where firms are investing in technology-enabled underwriting platforms to improve speed, risk precision and access to coverage in underserved markets, particularly for families and small businesses located in disaster-exposed regions.
