Business Acquisition completion

Acrisure Completes Vave Acquisition

Analysis based on 7 articles · First reported Apr 01, 2026 · Last updated Apr 06, 2026

Sentiment

Attention

Articles

Market Impact

Direct

Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard

Market Impact

The acquisition of Vave by Acrisure is expected to positively impact the insurance market by enhancing digital underwriting capabilities, especially for catastrophe-exposed properties. This move reflects a broader industry trend towards technology-enabled platforms, potentially leading to improved risk precision and access to coverage.

Insurance Fintech

Event Summary

Acrisure, a global fintech leader, has completed its acquisition of Vave, a technology-driven managing general agent (MGA) from Canopius Group. Vave will now operate under Acrisure Underwriting, a platform of 12 MGAs, while retaining its brand and leadership team, including CEO Marek Shafer. Vave specializes in providing instantly bindable quotes for catastrophe-exposed excess and surplus property risks in the US, leveraging data science and API integrations to process over 10,000 quotes daily. The acquisition strengthens Acrisure's presence in high-risk insurance segments and supports Vave's expansion, including a recently launched United States===California-specific property product. Canopius Group will continue its relationship with Vave as a multi-year capacity provider.

Key Actions

95 Acrisure completed acquisition of Vave

90 Canopius Group sold Vave

70 Vave launched United States===California-specific home and commercial property product

Entities Involved

priv

Vave

Vave has been acquired by Acrisure and will now operate as part of Acrisure Underwriting, continuing under its own brand and leadership. This move is expected to expand its capacity relationships, product offerings, and technology capabilities, particularly with new products for United States===California property owners.

Importance 100 Sentiment 50

priv

Acrisure

Acrisure has completed the acquisition of Vave, strengthening its position in the US insurance market and expanding its data-led underwriting capabilities, particularly in catastrophe-prone and high-risk markets. This acquisition enhances Acrisure's ability to scale digital underwriting capabilities and serve families and small businesses.

Importance 90 Sentiment 40

priv

Canopius Group

Canopius Group has completed the sale of its technology-driven MGA, Vave, to Acrisure. Canopius will continue to be one of Vave's capacity providers under a multi-year agreement, maintaining a relationship with the divested entity.

Importance 70 Sentiment 20

per

Marek Shafer

Marek Shafer continues as CEO of Vave, leading its founding management team under Acrisure's ownership. He expressed gratitude to Canopius Group for their sponsorship and looks forward to expanding Vave's capabilities with Acrisure.

Importance 60 Sentiment 30

loc

United States===California

Vave recently launched a United States===California-specific home and commercial property product, directly benefiting the people of United States===California and Vave's network of distribution partners in disaster-prone areas.

Importance 30 Sentiment 10

per

Matt Schweinzger

Matt Schweinzger, President, North America Insurance, Acrisure, expressed enthusiasm for working with the Vave team to expand their technology-enabled products, particularly highlighting the benefits of Vave's expansion into United States===California property risks.

Importance 20 Sentiment 20

Relationships

Vave related ↔ Acrisure

Marek Shafer related ↔ Vave

Canopius Group related ↔ Vave

Matt Schweinzger related ↔ Acrisure

Acrisure related ↔ Canopius Group

NEWSDESK

Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard