Jewelers Mutual® Introduces JM Insurance Agency Partners as New Global Brokerage Serving the Jewelry Industry and Beyond
Expanding to a general agency offers the power of choice with broader reach, greater flexibility and innovative solutions for customers
NEENAH, Wis. (May 25, 2023) – Jewelers Mutual® Group, the insurance and business solutions provider dedicated to the jewelry industry since 1913, announces an expansion of its business by introducing a new global insurance brokerage called JM Insurance Agency Partners. While Jewelers Mutual remains an insurance carrier of choice for the jewelry industry, branching out to a general agency model allows the company to serve more customers with more solutions beyond its own portfolio. JM Insurance Agency Partners unites the most recognized names in the jewelry insurance market with best-in-class products and services, offering greater choice and flexibility to jewelry, pawn and fine art businesses worldwide.
In late 2020, the acquisition of Wexler Insurance Agency set the foundation for the general agency vision. “We have over 160 years of combined insurance expertise to pave the way for a world-class general agency,” said Mike Alexander, Chief Operating Officer at Jewelers Mutual. “To be an industry leader we have the responsibility to be more than insurance and one way to do this is through the distribution of a general agency where we can offer the best products and solutions for agents and their clients.”
Today, the general agency brings together JM Insurance Services (including its previous acquisitions), Jewelers Insurance Services/The Lunar Agency and Wexler Insurance Agency and is also open to Jewelers Mutual’s independent agents. The goal of the global insurance brokerage is to maximize opportunities to explore, innovate and diversify beyond traditional insurance products and expand the number of personal and business clients served.
JM Insurance Agency Partners, a Jewelers Mutual Group company, connects the top jewelry agents throughout the U.S. and Canada with carriers spanning the globe and their collective products, services, and risk management solutions to meet the industry’s evolving needs. Alexander explained that with greater market access to more insurance and non-insurance options, agents will be well-positioned as trusted advisors to serve more clients with personalized solutions that are a “perfect match.”
“We are stronger together,” said Alexander of the general agency. “Harnessing the power of all parts into this progressive, collective structure will transform the way agents do business and help build long-lasting relationships with their clients. The best is yet to come as we continue to listen to agents and customers and innovate with purpose to protect and strengthen the jewelry industry for the future.”
Jewelry, pawn and fine art businessowners interested in learning more about products and services available to them should contact their agent.
About Jewelers Mutual Group
Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual’s powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers’ strong financial position is reflected in their 36 consecutive “A+ Superior” ratings from AM Best Company, as of November 2022. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas and Miami, Florida. To learn more, visit JewelersMutual.com.