Overview
Vave is a catastrophe-exposed residential and commercial property MGA operating in the US Excess and Surplus (E&S) market, distributing exclusively through US wholesale brokers. The company underwrites high-risk properties subject to wildfire, flood, earthquake, and coastal wind events. Founded in 2019 with financial backing from reinsurer Canopius Group, Vave is headquartered in London with a US office in Grand Rapids, Michigan. In April 2026, global insurance intermediary Acrisure acquired Vave from Canopius Group; Vave now operates under the Acrisure Underwriting platform while retaining its own brand and founding management team.
Vave's underwriting is built around a proprietary algorithmic pricing engine that accesses more than 800 data fields per risk, draws on USD 3.6 trillion in historic property exposure and claims data, and integrates real-time weather feeds, satellite imagery, and tax-assessor records. Canopius Group provides capacity under a multi-year agreement that continued post-acquisition. Distribution partners connect via a REST API to submit property data and receive instantly bindable quotes, with bind, endorsement, and servicing functions handled programmatically.
Since launch, Vave has processed over 10,000 quotes per day and has quoted more than 4 million unique risks across the United States. The company expanded into California homeowners insurance in 2025 and has a commercial package product targeting CAT-exposed areas in development.
Products & Services
Homeowners Property Insurance
Vave underwrites high-risk residential properties exposed to catastrophic events, including properties in wildfire zones, coastal areas, and flood-prone regions. The company launched California-specific homeowners products in 2025.
Key Features
- Wildfire-exposed residential properties
- Coastal and wind-exposed homes
- High-risk residential CAT coverage
Target Users: Homeowners in CAT-exposed US regions, placed through wholesale brokers
Distribution: Wholesale brokers via API
Commercial Property Insurance
Vave underwrites small commercial properties with CAT exposure. A commercial package product targeting catastrophe-prone areas is in development.
Key Features
- Catastrophe-exposed commercial property
- E&S market placement for hard-to-insure risks
Target Users: Small commercial property owners in CAT-exposed US markets
Distribution: Wholesale brokers via API
Flood Insurance
Flood coverage for residential and commercial properties, using real-time hazard data and damage assessment data for underwriting decisions.
Key Features
- Private flood coverage
- Real-time flood hazard data integration
Target Users: US property owners in flood-risk zones
Distribution: Wholesale brokers via API
Earthquake Insurance
Seismic risk coverage for residential and commercial properties.
Key Features
- Residential and commercial earthquake coverage
- CAT-specialist pricing and appetite
Target Users: US property owners in earthquake-prone regions
Distribution: Wholesale brokers via API
At a Glance
- Founded
- 2019
- Headquarters
- London, UK
- Employees
- 11-50
Category & Focus
- Category
- Underwriting & Risk
- Insurance Verticals
- P&C Personal P&C Commercial Specialty/E&S
- Target Customers
- Brokers
Links
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Last updated: 2026-06-08