NEENAH, WI — Jewelers Mutual Group is acquiring Wexler Insurance Agency/IJB, one of the world’s largest insurance agencies dedicated to providing risk management solutions to the jewelry industry.
“We are pleased to have Wexler and its proven team led by Gary Wasserman and Steve Wexler join Jewelers Mutual Group,” said Scott Murphy, Jewelers Mutual president and CEO. “Wexler has a strong track record of developing relationships with, and providing risk management solutions to, the jewelry industry and is an ideal complement to Jewelers Mutual.
“Combining Wexler’s unique products, services and carrier alliances with the investments in data and technology being made by Jewelers Mutual will create a competitive advantage that will expand our footprint and diversify our operational profile.”
Financial terms of the deal were not disclosed.
“The combination of Wexler and Jewelers Mutual is a winning partnership that creates value for both companies, as well as the jewelry industry,” said Gary Wasserman, vice president of Wexler. “We are excited to join a company that has a long-term mission to raise the tide of the jewelry industry.”
Agents for Jewelers Mutual and Wexler will soon be able to provide a more diverse set of risk management products and services to jewelry retailers, wholesalers, manufacturers and designers.
“Strategic investments like this acquisition and Jewelers Mutual’s recently launched Zing platform are examples of the company’s commitment to delivering value to jewelers and the industry,” Jewelers Mutual stated in a press release.
To learn more about the acquisition, visit JewelersMutual.com/Wexler.