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Jewelers Mutual Group Acquires EventGuard

The acquisition allows the Group to extend event coverage to its insurtech solutions.

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(PRESS RELEASE) NEENAH, WI — Jewelers Mutual Group, the insurance and business solutions provider dedicated to the jewelry industry since 1913, announced the strategic acquisition of EventGuard, a division previously part of the licensed insurance agency Indemn, specializing in event insurance coverage in the event and wedding space.

JM Insurance Agency Partners will operate the program through the insurance carrier and expert in event coverage, Markel Group Inc., harnessing generative AI to expand its insurtech solutions and offer best-in-class event liability and cancellation insurance, including wedding coverage and other programs to meet customers’ evolving needs. The addition of EventGuard enhances JM Insurance Agency Partners’ core capabilities and supports its strategy to diversify, grow profitability, and ensure sustainability by entering adjacent verticals.

“Integrating EventGuard’s expertise into our business will further position Jewelers Mutual Group as a market leader,” said Mike Alexander, President at Jewelers Mutual Group. “We’re accelerating our ability to deliver tailored programs, from protecting valuable items to insuring meaningful experiences, through modern platforms and intuitive customer experiences. We look forward to expanding our reach to bring trusted protection to even more customers.”

EventGuard has a unique history of being one of the first ever insurance programs sold through GPT-based AI, built and launched by Indemn in 2021-22. Originally conceived as Indemn’s real-world test for Generative AI in insurance, Indemn is now a leading AI agent builder in the insurance industry, with the only human-in-the-loop sales and service Copilot enabling continuous AI model improvement.

“We are thrilled to join forces with Jewelers Mutual Group,” said Kyle Geoghan, Co-Founder and Chief Executive Officer of Indemn. “Together, we will be able to offer customers unmatched protection programs, powered by innovation and an unwavering commitment to meeting people where they are.”

As consumer expectations evolve, Jewelers Mutual Group remains focused on providing insurance solutions that are flexible, accessible, and aligned with consumers’ lifestyles. Bringing EventGuard into its ecosystem through JM Insurance Agency Partners enhances the ability to connect customers with coverage that reflects their day-to-day realities and future aspirations.

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To learn more about EventGuard event insurance, visit ventguard.ai.

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SPONSORED VIDEO

Honoring a Legacy: How Smith & Son Jewelers Exceeded Every Goal With Wilkerson

When Andrew Smith decided to close the Springfield, Massachusetts location of Smith & Son Jewelers, the decision came down to family. His father was retiring after 72 years in the business, and Andrew wanted to spend more time with his children and soon-to-arrive grandchildren. For this fourth-generation jeweler whose great-grandfather founded the company in 1918, closing the 107-year-old Springfield location required the right partner. Smith chose Wilkerson, and the experience exceeded expectations from start to finish. "Everything they told me was 100% true," Smith says. "The ease and use of all their tools was wonderful." The consultants' knowledge and expertise proved invaluable. Smith and his father set their own financial goal, but Wilkerson proposed three more ambitious targets. "We thought we would never make it," Smith explains. "We were dead wrong. We hit our first goal, second goal and third goal. It was amazing." Smith's recommendation is emphatic: "I would never be able to do what they did by myself."

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