Press Releases

Jewelers Mutual Group Earns 35th Consecutive A+ Rating

“We start this new year focused on digital innovation and product development in an effort to create additional value for our customers and deliver an unmatched customer experience.”

Published

2 years ago

January 17, 2022

Press Releases

(PRESS RELEASE) NEENAH, WI — The Jewelers Mutual Group insurers have earned a 35th consecutive “A+ Superior” financial strength rating from AM Best*, one of the world’s most respected insurance rating and information sources.

The AM Best rating references the Group insurers’ strong risk-adjusted capitalization, operating results and liquidity, along with our risk management practices and reputation as the nation’s leading insurance company specializing in jewelry insurance for over a century.

“To be recognized 35 years in a row by AM Best with a Superior financial strength rating signifies our long-standing stability and commitment to our policyholders,” said Scott Murphy, Jewelers Mutual’s president and CEO. “We start this new year focused on digital innovation and product development in an effort to create additional value for our customers and deliver an unmatched customer experience.”

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 ambest.com.

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”