Press Releases

Jewelers Mutual Earns 37th Consecutive A+ Superior Rating from AM Best

“To be recognized by AM Best with one of its highest ratings for 37 years straight is a remarkable achievement.”

Published

1 year ago

December 20, 2023

Press Releases

(PRESS RELEASE) NEENAH, WI — Jewelers Mutual Insurance Company, SI (a stock insurer), a member insurer of the Jewelers Mutual Group, earned its 37th consecutive “A+ Superior” rating from AM Best, one of the world’s most respected insurance rating and information sources. The AM Best rating references the company’s financial strength, operational performance and overall business strategy, along with its risk management practices, technology advancements and reputation as the nation’s leading insurer dedicated to protecting and supporting the jewelry industry for over 110 years.

This accomplishment underscores Jewelers Mutual’s commitment to maintaining the highest standards of excellence, transparency and reliability in the insurance market and its position as a trusted advisor and solutions provider to its over 1 million customers and the jewelry industry. Building upon its strong foundation, the company continues to implement new tools and technology to meet the evolving needs of the industry and deliver more personalized customer experiences.

“It has been an exceptional year for Jewelers Mutual, not only in terms of our strong results but also in the ways we deliver unparalleled service to our customers and the entire jewelry industry,” said Scott Murphy, the company’s president and chief executive officer. To be recognized by AM Best with one of its highest ratings for 37 years straight is a remarkable achievement. It is a testament to the dedication of our teams as they embrace an innovative, digitally focused and customer-first mindset that paves the way for how we will continue to be there for our customers for the next 110 years and beyond.”

AM 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 AM Best are derived following a comprehensive quantitative and qualitative analysis of a company’s balance sheet strength, operating performance and business profile. For more information on AM Best’s rating process and methodologies, visit web.ambest.com.

Individuals interested in learning more about Jewelers Mutual’s products and services may visit JewelersMutual.com.

Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success

After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone. Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently. The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.