US-based insurance coverage firm Acrisure has finalised its acquisition of Vave, a property-focused managing basic agent (MGA), from Canopius Group.
The monetary particulars of the transaction weren’t disclosed.
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Vave will be a part of Acrisure Underwriting, Acrisure’s MGA platform within the US insurance coverage market.
The enterprise will proceed to commerce beneath the Vave title and retain its present management crew, led by founder Marek Shafer.
Shafer stated: “Beneath Acrisure’s possession, we count on to proceed increasing our capability relationships, product choices, and know-how capabilities, beginning with our new product for California property house owners.”
Canopius, a speciality and property and casualty (re)insurer, will proceed to offer capability to Vave beneath a multi-year association.
In December 2025, Acrisure agreed to amass Vave from Canopius.
Vave underwrites catastrophe-exposed extra and surplus (E&S) property dangers within the US and makes use of technology-led and data-driven workflows.
The corporate says that, by way of its software programming interfaces (APIs), it generates greater than 10,000 quotes every day throughout business, householders, flood and earthquake strains, supporting real-time binding and servicing for distribution companions.
The MGA not too long ago launched a California-specific providing for residential and business property house owners and plans to roll out a business bundle product geared toward catastrophe-exposed areas.
Vave has groups in London and the US, with distribution dealt with solely by way of a community of US wholesalers.
Beneath the finished transaction, it’ll combine into Acrisure Underwriting whereas preserving its working mannequin and present partnerships.
Acrisure North America Insurance coverage president Matt Schweinzger added: “We look ahead to working with the Vave crew beginning right now to proceed increasing their technology-enabled merchandise to serve households and small companies in disaster-prone areas.
“Vave’s current growth into California property dangers instantly advantages the individuals of California and Vave’s community of distribution companions.”
