Jewelers Mutual Group and Wexler Insurance Agency / IJB
Combining two significant players in the U.S. jewelry insurance market
We intend to learn from each other and build upon each other’s strengths. To fully leverage a recognized and respected brand, we will continue using the Wexler / IJB names in the marketplace. As our two organizations come together, expect to see many new products and services made available for Jewelers Mutual agents, Wexler producers and jewelry professionals.
At Jewelers Mutual Group, we are committed to raising the tide of the jewelry industry by continually finding ways to offer meaningful and innovative products and services to those we serve.
To help fulfill this mission, we are excited to announce Jewelers Mutual Group has reached an agreement to acquire Wexler Insurance Agency / IJB.
“The strategic acquisition of Wexler by Jewelers Mutual brings together two of the most recognized names in the jewelry insurance market and enhances our ability to build long-term relationships with every jeweler in the U.S. and Canada,” said Scott Murphy, president and CEO of Jewelers Mutual Group.
“Combining Wexler’s unique products, services and carrier alliances with the investments in data and technology being made by Jewelers Mutual will create a competitive advantage to expand our footprint and diversify our operational profile.”
How is this a good fit?
Jewelers Mutual as an insurer operating in the U.S. and Canada, and Wexler as an independent insurance agency with a national footprint and international markets, provide different strengths to the marketplace. The valued contributions of our two organizations are complementary, combining nearly 160 years of expertise, products and services that support our jewelers. This acquisition aligns seamlessly with our united mission to raise the tide of the jewelry industry.
About Jewelers Mutual Group
Jewelers Mutual Group was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Today, it offers products and services nationwide and throughout Canada that enable jewelry businesses to run safe, secure, and successful operations. Consumers also put their trust in Jewelers Mutual to protect their personal jewelry and the special moments it represents. The Group insurers’ strong financial position is reflected in 33 consecutive ratings of “A+ Superior” from A.M. Best Company. Insurance coverage is offered by either Jewelers Mutual Insurance Company, SI (a stock insurer) or JM Specialty Insurance Company. Policyholders of both insurers are members of Jewelers Mutual Holding Company. To learn more, visit JewelersMutual.com
About Wexler Insurance Agency / IJB
Wexler Insurance Agency / IJB was originally founded in Miami, FL, in 1968 and is one of the world’s largest privately-owned independent insurance agencies specializing in providing insurance to the jewelry trade. Although specialized in insuring jewelers, pawnbrokers, check cashers, museums, and antique and fine art dealers, Wexler also offers a full range of insurance products covering personal and commercial property and liability, professional liability, workers compensation, and kidnap and ransom coverage.
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