Acrisure Acquires Catastrophe-Focused MGA Vave from Canopius

Acrisure, a growing player in the insurance brokerage sector, has acquired the managing general agent (MGA) Vave from insurer Canopius. Vave specializes in catastrophe-exposed excess and surplus U.S. property risks, operating under its established brand with the founding management team retained, led by Marek Shafer. This acquisition positions Acrisure to expand its footprint in the niche market of catastrophe risk insurance, which is critical for managing high-severity, low-frequency property risks tied to natural hazards. By maintaining Vave's existing management and brand identity, Acrisure aims to preserve the specialized expertise and client relationships crucial in this segment. The deal also reflects the broader industry trend of brokers increasing their direct underwriting capabilities through MGAs to enhance market access and underwriting control. With the U.S. property market facing ongoing challenges from catastrophe exposures, this acquisition highlights the strategic moves by brokerages to strengthen their presence in excess and surplus lines. The integration of Vave into Acrisure's platform signals continued consolidation and innovation in distributing and underwriting complex property risks within the U.S. insurance market.