Acrisure acquires Vave

Acrisure has agreed to acquire MGA Vave from Canopius.

Founded in 2019, Vave provides instantly bindable quotes for catastrophe-exposed E&S property risks in the U.S., delivered through APIs that support real-time binding and servicing. The platform generates more than 10,000 quotes per day across commercial, homeowners, flood, and earthquake coverage.

Vave will keep its brand and leadership team, with Canopius remaining a multi-year capacity provider. The company will join Acrisure Underwriting, a group of 11 MGAs that operates independently from Acrisure’s distribution.

“Vave’s technology focus aligns perfectly with Acrisure’s fintech strategy. Vave’s team has proven themselves to be skilled underwriters of cat-exposed small commercial and homeowners’ risks. As a unit within Acrisure Underwriting, Vave and Acrisure will continue to invest in Vave’s proprietary technology and expansion of products, coverages and geographies.” – Grahame Millwater, President Global Markets & International at Acrisure.

“We are immensely proud of what the Vave team has accomplished. From its inception as a bold idea to becoming a market-leading technology-driven MGA, Vave reflects Canopius’ commitment to innovation and practical solutions for clients. We look forward to continuing our partnership and watching Vave thrive as part of Acrisure’s ambitious vision.” – Neil Robertson, Group CEO of Canopius.

“Today marks a watershed moment for Vave.  We are grateful for Canopius’ support since we hatched our original idea, and for our ongoing capacity support. The opportunities for Vave within Acrisure are exciting – our shared outlook on the future of underwriting will ensure we continue to deliver enhanced value to our clients, distribution and capacity partners.” – Marek Shafer, CEO of Vave.