(PRESS RELEASE) NEENAH, WI - Jewelers Mutual Insurance Co. has earned its 31 consecutive A+ Superior financial strength rating from A.M. Best Co.
Founded in 1913, Jewelers Mutual is the only insurer dedicated solely to serving the jewelry industry in the U.S. and Canada, serving both commercial jewelry businesses and personal jewelry owners. Jewelers Mutual is headquartered in Neenah, WI.
"Jewelers Mutual is pleased that A.M. Best continues to recognize our sustained strength," said Scott Murphy, Jewelers Mutual's president and CEO. "For 104 years, we have continued to be an organization that the jewelry industry can depend on to be there when needed the most.
"Our top business priority is serving our policyholders and this recognition shows that we are in a position to continue to serve our policyholders well into the future. We continue to make business decisions with their best interests in mind.
"We are honored to be recognized for our stability and will continue to deliver the best customer service to keep our policyholders safe and secure."
In their review, A.M. Best's rating references Jewelers Mutual's strong risk-adjusted capitalization, operating results and liquidity. The ratings also consider Jewelers Mutual's excellent risk management practices and reputation as the nation's leading insurance company specializing in jewelry insurance and the jewelry industry.
The rating also recognizes the company's management's focus and adherence to its core competency as well as extensive loss control programs and well-diversified geographic scope, operating in all 50 states and Canada. In addition, the company maintains active involvement in loss prevention activities for the jewelry industry.
A.M. Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. Ratings from A.M. Best are derived after a comprehensive quantitative and qualitative analysis of a company's balance sheet strength, operating performance and business profile.
For more information on A.M. Best's rating process and methodologies, visit ambest.com.