(PRESS RELEASE) NEENAH, WI — 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.”
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 business owners interested in learning more about products and services available to them should contact their agent.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.