(PRESS RELEASE) NEENAH, WI – Jewelers Mutual Insurance Company, SI (a stock insurer) announced its inclusion as a Ward’s 50 top-performing property-casualty insurance company for 13 consecutive years. The recognition underscores Jewelers Mutual’s unwavering commitment to excellence, as demonstrated by its outstanding financial results in the areas of safety and consistency, and performance over a five-year period from 2018-2022. Top performers on the list are measured by financial stability and ability to grow while maintaining strong capital positions and underwriting results.
Since its inception in 1913, Jewelers Mutual has remained steadfast in its commitment to providing unparalleled services to support and protect jewelry businesses and jewelry consumers – now serving more than one million customers throughout the U.S. and Canada. Today, the company continues to innovate to meet the evolving needs of its customers. By implementing robust risk management strategies, advanced underwriting techniques, and cutting-edge insurtech solutions, Jewelers Mutual has solidified its reputation as a trusted insurance and business solutions provider at the forefront of innovation and technology.
“As we celebrate 110 years of service this year, we are immensely proud of our recognition as a top-performing insurance company,” said Scott Murphy, president and chief executive officer at Jewelers Mutual. “This accomplishment is a testament to the enduring values that have shaped our company over the years – the relentless pursuit of excellence, a focus on listening to our customers and delivering on their needs, and our commitment to providing consistent, unmatched service. We are grateful to our dedicated team and loyal customers who have been instrumental in our success.”
The list of Ward’s 50 top performing insurance companies was released on July 11 by Ward Group, an Aon Hewitt company and the leading provider of operational and compensation benchmarking and best practices services for insurance companies. To develop its annual list of the top 50 performing insurance companies, Ward Group analyzes the financial performance of property-casualty insurance companies domiciled in the United States and identifies the top performers per segment. Each company has passed all safety and consistency screens and achieved superior performance over the five years analyzed.
A complete list of the 2023 Ward’s 50 companies for property-casualty is located here.
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."
