Coventry acquires Leopard

Eighteen months after launching out of DESCOvery, the venture studio of the D. E. Shaw Group, Leopard has been acquired by Coventry , the largest buyer in the life settlement market.

Founded in 2023 by Michael Stapleton and Matthew Brown, Leopard built a digital infrastructure platform to modernize the life and annuities value chain. Its software connects directly to carriers to retrieve in-force policies, using AI to extract and structure data. This automation replaces manual workflows and gives agents access to accurate policy information.

Leopard’s platform helps insurers and distributors identify new revenue opportunities by analyzing existing books of business to surface options for replacement, cross-sell, or upsell. Additional tools for real-time quoting and field underwriting further streamline operations.