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COVU Acquires Leland Insurance Services to Expand AI-Native Platform and California Presence

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COVU, Inc., a platform offering AI-native services for insurance agencies, has announced its fifth strategic acquisition with the purchase of Leland Insurance Services, a California-based independent agency.The acquisition of Leland Insurance Services supports COVU’s strategy to expand its AI-native servicing platform while providing agency owners with flexible options for growth or exit. Leland, recognized for its consistent financial performance, high client retention, and strong carrier partnerships, will integrate into COVU’s hybrid operating model.Ali Safavi, CEO of COVU, stated, “Leland is a strong example of a high-performing agency that aligns with the AI-native future we are developing. They operate with the discipline, service quality, and customer retention that we value, and we intend to continue that legacy through our platform.”Led by Richard Herscowitz, Leland Insurance Services manages a stable portfolio of personal and commercial property and casualty (P&C) business. The agency has demonstrated exceptional retention rates and established relationships with carriers such as Nationwide, Safeco, Progressive, and Travelers. Its operational structure and service delivery model are consistent with COVU’s remote-first, AI-supported infrastructure, aiming for an efficient transition that maintains the client experience.Leland’s consistent revenue growth and 102% year-over-year policy and revenue retention contribute to COVU’s carrier strategy and California portfolio. Following the acquisition, Leland will fully integrate into COVU’s operational framework, designed to reduce traditional overhead while preserving client interactions.COVU’s acquisition approach seeks to honor the work and relationships developed by agency founders while introducing a framework enhanced by AI, human support, and operational efficiencies. The company aims to provide solutions for agencies seeking to modernize operations, prepare for retirement, or manage their existing client books. COVU is a platform focused on enhancing customer experiences and operational efficiency for insurance agencies through AI-native solutions combined with human support, offering flexible servicing models.

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