Latest news with #AliSafavi
Business Wire
31-07-2025
- Business
- Business Wire
COVU Continues Its Expansion with Seventh Acquisition: Aduna Insurance Agency Joins AI-Native Platform
SAN FRANCISCO--(BUSINESS WIRE)--COVU, Inc., the leader in AI-native customer servicing for the insurance industry, today announced the acquisition of Aduna Insurance Agency, a long-time partner agency based in Norwalk, California. Aduna becomes the seventh acquisition in COVU's national expansion, further cementing its commitment to serve customers through trusted local partners—while providing agency owners with tailored exit and transition options. Unlike traditional roll-ups or consolidators, COVU acquires only when agency partners seek to exit. In the case of Aduna, the agency had already been fully serviced through COVU's platform for over two years, making this transition seamless for customers and operationally efficient for the business. 'We've worked with the Aduna team since 2022, and this acquisition simply formalizes the reality of a partnership that's already delivering outcomes,' said Ali Safavi, CEO of COVU. 'We're here to support customers, protect books, and preserve relationships—even in moments of industry disruption.' Supporting Customers in a Shifting Carrier Landscape Aduna primarily served a Hispanic customer base in California, with 95% of its premium historically placed through Nationwide. Due to broader carrier strategy changes, Nationwide is set to non-renew all policies by September 2026 —a move that could disrupt thousands of policyholders without intervention. COVU will proactively transition Aduna's customers to new carriers, with over 65–70% of the book eligible for direct transfer via book roll, and the remainder being remarketed across COVU's carrier network. The strategy ensures that affected customers experience minimal service disruption, while gaining access to modernized policy management, expanded coverage options, and AI-supported servicing. A Longstanding Partner Becomes Fully Integrated Aduna was part of the first cohort of agencies to join the COVU platform in 2022. COVU has been managing Aduna's book end-to-end for nearly two years. The acquisition finalizes this relationship, and eliminates legacy debt while absorbing the agency's book into COVU's infrastructure. 'This is what it looks like to evolve together,' Safavi added. 'We didn't acquire Aduna to change how it operates—we've already been powering it. We acquired it to preserve continuity for the customers and give the agency owner an outcome that made sense.' Seven Acquisitions. One Vision. Aduna joins six other agencies recently acquired by COVU: CIII, Lords, Leland, Mitchell, Uno, and Ford. Each acquisition reinforces COVU's mission to be the best customer manager and advisor for everything risk and insurance-related —serving customers not just at the point of sale, but across their entire risk lifecycle. In a world where wildfires, economic volatility, and coverage gaps are growing concerns, COVU's model is built to: Help customers mitigate risk before it happens Ensure adequate financial protection when it does Support recovery and adaptation as risk evolves And COVU does all of this through local, trusted agency partners, not in spite of them. 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.
Business Wire
17-07-2025
- 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.'
