Latest news with #AliSafavi
Business Wire
3 days ago
- Business
- Business Wire
COVU Continues Rapid Growth with Sixth Acquisition: Mitchell Insurance Agency Joins the Platform
SAN FRANCISCO--(BUSINESS WIRE)--COVU, Inc., the leader in AI-native customer servicing for the insurance industry, today announced the acquisition of Mitchell Insurance Agency, a respected family-owned business with deep roots in the California market and long-standing relationships with both commercial and personal lines clients. As COVU's sixth acquisition in its Rolling Thunder campaign, Mitchell represents a meaningful step forward in the company's strategy to enhance its AI-native platform through strategic partnerships with high-quality agencies —delivering more scale, reach, and flexibility for agency owners across the state. 'Mitchell is exactly the kind of partner that strengthens our platform,' said Ali Safavi, CEO of COVU. 'They've built a strong, loyal customer base and trusted carrier relationships over many years. We're not here to change that—we're here to support and elevate it, using the tools and infrastructure we've designed to help agencies thrive in the future.' Commercial and Personal Lines Strength at Scale Founded in Roseville, CA, Mitchell Insurance Agency is known for its highly personalized service, experienced staff, and long-standing partnerships with key carriers like Mercury and Safeco. With a healthy mix of personal and commercial lines clients and strong revenue retention (113%), Mitchell brings both scale and stability to COVU's expanding California presence. Mitchell's history of consistent revenue and customer loyalty makes it an ideal fit for integration into COVU's remote-first, AI-supported model—where operations become more efficient without compromising the high-touch experience customers expect. A Platform That Grows with You—or After You As with all of COVU's recent acquisitions, this move reinforces the company's core mission: to enable agency partners to modernize and grow—or exit on their terms. COVU's platform supports both outcomes while preserving customer experience, staff opportunity, and carrier continuity. 'We've built a platform that respects what makes agencies great—relationships, reputation, and care,' Safavi added. 'With Mitchell, we're deepening our commitment to California and proving that AI-native doesn't mean agency-less—it means future-ready.' About COVU COVU is a transformative platform designed to revolutionize the insurance servicing industry through AI-native solutions combined with human support. The company is dedicated to enhancing customer experiences and operational efficiency for insurance agencies while providing flexible servicing models to meet the demands of modern consumers.
Yahoo
08-07-2025
- Business
- Yahoo
COVU Announces Fifth Acquisition with Leland Insurance Services, Expands Operational Strength Across California
SAN FRANCISCO, July 08, 2025--(BUSINESS WIRE)--COVU, Inc., the leader in AI-native services for insurance agencies, today announced the acquisition of Leland Insurance Services, a well-established California-based independent agency known for its consistent financial performance, high client retention, and strong carrier partnerships. This acquisition marks the fifth in COVU's strategic rollout of agency partnerships designed to expand its AI-native servicing platform while offering agency owners flexible paths to scale or exit. Leland's operational discipline and seamless fit with COVU's hybrid model further solidify the company's foundation across California. "Leland is a great example of a high-performing agency that fits naturally into the AI-native future we're building," said Ali Safavi, CEO of COVU. "They're already running with the kind of discipline, service quality, and customer retention we value—and we're excited to carry that legacy forward through our platform." Built for Alignment, Not Disruption Led by Richard Herscowitz, Leland Insurance Services brings a stable book of personal and commercial P&C business, with exceptional retention and strong carrier relationships. The agency's structure and service model align tightly with COVU's remote-first, AI-supported infrastructure—making the transition both efficient and customer-friendly. This move is part of COVU's broader mission to enable—not replace—agencies by giving them access to powerful technology, operational support, and an AI-native framework that enhances their ability to serve. Carrier Strength and Book Stability Leland partners with top national carriers including Nationwide, Safeco, Progressive, and Travelers, and maintains strong loss ratios across both personal and commercial lines. With consistent revenue growth and 102% year-over-year policy and revenue retention, Leland adds immediate value to COVU's carrier strategy and California portfolio. Post-acquisition, the agency will fully integrate into COVU's operating model—eliminating traditional overhead while preserving the client experience. Enabling Growth, Respecting Legacy COVU's acquisition approach honors the work and relationships built by agency founders while unlocking a future powered by AI, human support, and operational excellence. Whether agencies want to modernize, retire, or simply park their book, COVU provides a solution that balances efficiency with empathy. About COVU COVU is a transformative platform designed to revolutionize the insurance servicing industry through AI-native solutions combined with human support. The company is dedicated to enhancing customer experiences and operational efficiency for insurance agencies while providing flexible servicing models to meet the demands of modern consumers. View source version on Contacts Media Contact: Sheny Plasenciapress@
Business Wire
08-07-2025
- Business
- Business Wire
COVU Announces Fifth Acquisition with Leland Insurance Services, Expands Operational Strength Across California
SAN FRANCISCO--(BUSINESS WIRE)--COVU, Inc., the leader in AI-native services for insurance agencies, today announced the acquisition of Leland Insurance Services, a well-established California-based independent agency known for its consistent financial performance, high client retention, and strong carrier partnerships. This acquisition marks the fifth in COVU's strategic rollout of agency partnerships designed to expand its AI-native servicing platform while offering agency owners flexible paths to scale or exit. Leland's operational discipline and seamless fit with COVU's hybrid model further solidify the company's foundation across California. 'Leland is a great example of a high-performing agency that fits naturally into the AI-native future we're building,' said Ali Safavi, CEO of COVU. 'They're already running with the kind of discipline, service quality, and customer retention we value—and we're excited to carry that legacy forward through our platform.' Built for Alignment, Not Disruption Led by Richard Herscowitz, Leland Insurance Services brings a stable book of personal and commercial P&C business, with exceptional retention and strong carrier relationships. The agency's structure and service model align tightly with COVU's remote-first, AI-supported infrastructure—making the transition both efficient and customer-friendly. This move is part of COVU's broader mission to enable—not replace—agencies by giving them access to powerful technology, operational support, and an AI-native framework that enhances their ability to serve. Carrier Strength and Book Stability Leland partners with top national carriers including Nationwide, Safeco, Progressive, and Travelers, and maintains strong loss ratios across both personal and commercial lines. With consistent revenue growth and 102% year-over-year policy and revenue retention, Leland adds immediate value to COVU's carrier strategy and California portfolio. Post-acquisition, the agency will fully integrate into COVU's operating model—eliminating traditional overhead while preserving the client experience. Enabling Growth, Respecting Legacy COVU's acquisition approach honors the work and relationships built by agency founders while unlocking a future powered by AI, human support, and operational excellence. Whether agencies want to modernize, retire, or simply park their book, COVU provides a solution that balances efficiency with empathy. About COVU COVU is a transformative platform designed to revolutionize the insurance servicing industry through AI-native solutions combined with human support. The company is dedicated to enhancing customer experiences and operational efficiency for insurance agencies while providing flexible servicing models to meet the demands of modern consumers.
Sky News AU
24-06-2025
- Politics
- Sky News AU
Iranian people fighting ‘unstable' regime ‘tooth and nail' to ensure its destruction
National Council of Resistance of Iran member Ali Safavi has discussed the Iranian people's strong opposition to the current regime. 'The regime of course, is quite unstable,' Mr Safavi told Sky News Digital Presenter Gabriella Power. 'The Iranian people have no illusion about this regime and they are fighting it tooth and nail. 'When we're talking about regime change, we're not talking about regime change through foreign intervention or foreign wars, but from bottom up.'
Yahoo
05-06-2025
- Business
- Yahoo
COVU Acquires Lords Insurance Agency, Strengthening California Expansion and Community Ties
SAN FRANCISCO, June 05, 2025--(BUSINESS WIRE)--COVU, Inc., the leader in AI-native services for insurance agencies, today announced the acquisition of Lords Insurance Agency, a Southern California–based independent agency with a 40+ year history serving local families and businesses. The move marks COVU's third acquisition in a broader multi-agency expansion strategy that enhances its AI-native platform and deepens its footprint across California. Lords Insurance is widely recognized for its personalized service, multilingual team, and trusted relationships within the Vietnamese community in Westminster and beyond. "COVU felt like a larger, more capable company compared to other potential buyers, with the ability to navigate the insurance marketplace we're in right now. They provided us access to key carriers and resources that allow the agency to be more competitive and grow the business," said David Chappell, President of Lords Insurance Agency. "The deal just seemed to come together easily with COVU. It just happened very smoothly, and we didn't really have any issues." Strengthening the Core — Not Shifting Direction COVU's acquisition strategy is an expansion of its core business: enabling independent agencies to thrive using modern technology, operational support, and data-driven servicing tools. With Lords, COVU adds a team that already understands how to build trust and loyalty in a tight-knit community—values that align perfectly with COVU's human + AI approach. This strategy ensures that agencies have flexible options: scale with COVU's infrastructure, transition their books, or exit with confidence—all while preserving continuity for customers and carrier relationships. "This acquisition reflects our commitment to building—not replacing—the future of insurance servicing through our partners," said Ali Safavi, CEO of COVU. "Lords has been a pillar in its community for decades, and by integrating their deep relationships and cultural fluency with our AI-native platform, we can deliver even better service to clients while honoring what makes these agencies special." A Trusted Local Agency with Strong Carrier Relationships Founded in 1976 and led by David Chappell, Lords Insurance Agency has earned an A+ BBB rating and cultivated strong partnerships with top carriers such as Progressive, Safeco, Nationwide, and The Hartford. Known for its proactive customer service and personalized approach, Lords has maintained high retention rates across its commercial and personal P&C business. The agency's service and support team has long-standing relationships within the local Vietnamese population—a unique and valuable dimension that COVU will retain and build upon. Post-acquisition, Lords will operate through COVU's remote-first model, enabling greater efficiency and scalability while maintaining cultural continuity. Supporting Communities Through Modern Infrastructure This acquisition illustrates how COVU's AI-native model doesn't just scale—it adapts. By combining localized trust with modern tools, COVU helps agencies deliver better customer outcomes, reduce costs, and grow their business—while providing profitable, high-quality distribution for carriers. About COVU COVU is a transformative platform designed to revolutionize the insurance servicing industry through AI-native solutions combined with human support. The company is dedicated to enhancing customer experiences and operational efficiency for insurance agencies while providing flexible servicing models to meet the demands of modern consumers. To watch the full interview with David Chappell, President of Lords Insurance Agency, click here: Lords Insurance - Partnering with COVU for My Agency's Future View source version on Contacts Media Contact: Sheny Plasenciapress@ Sign in to access your portfolio
