Acrisure to acquire Vave from Canopius.

Acrisure, a financial services solutions provider for insurance management, agreed to acquire Vave, a managing general agent that provides algorithm‑driven insurance solutions, from Canopius, an insurance and underwriting services provider. Financial terms are not disclosed. “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, Acrisure President Global Markets & International.