(PRESS RELEASE) NEENAH, WI — Jewelers Mutual Insurance Company, SI, a member insurer of the Jewelers Mutual Insurance Group, earned its 33rd consecutive A+ Superior financial strength rating from A.M. Best Company, one of the world’s most respected insurance rating and information sources.
Founded in 1913, Jewelers Mutual is the only insurer dedicated solely to the jewelry industry in the United States and Canada, serving both commercial jewelry businesses and personal jewelry owners. Jewelers Mutual is headquartered in Neenah, Wisconsin.
“Jewelers Mutual is proud to be recognized for our 33rd consecutive positive rating from A.M. Best Company as a strong, financially secure institution,” said Scott Murphy, Jewelers Mutual president and CEO.
“As we look toward the future, we will continue to focus on successful business practices and make business decisions with our top priority, the well-being of our policyholders, in mind.”
In their review, A.M. Best’s rating references Jewelers Mutual’s strong risk-adjusted capitalization, operating results and liquidity. Also considered is Jewelers Mutual’s excellent risk management practices and reputation as the nation’s leading insurance company specializing in jewelry insurance and the jewelry industry.
Additionally, the rating recognizes company management’s focus and adherence to its core competency as well as extensive loss control programs and well-diversified geographic scope, operating in the United States and Canada. 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.