Jewelers Mutal to Acquire Insurers Wexler
November 01, 20
(IDEX Online) - Insurers Jewelers Mutual is set to acquire Wexler Insurance Agency, one of the world's largest privately-owned independent insurance agencies for the jewelry trade.
The move will bring together two of the most recognized names in the USA's jewelry insurance industry
Jewelers Mutual Group announced on Friday that it has signed a definitive agreement to acquire Wexler and its affiliate IJB (International Jewelers Block & Fine Arts Insurance Services).
Scott Murphy (pictured), Jewelers Mutual president and CEO said: "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."
Gary Wasserman, vice president of Wexler, said: "The combination of Wexler and Jewelers Mutual is a winning partnership that creates value for both companies, as well as the jewelry industry. We are excited to join a company that has a long-term mission to raise the tide of the jewelry industry."
Wexler Insurance Agency / IJB was founded in Miami, Florida, in 1968 and specializes in insuring jewelers, pawnbrokers, check cashers, museums, antique and fine art dealers.
Jewelers Mutual Group was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Today it provides insurance for jewelers across the USA and Canada.