RAPAPORT… Jewelers Mutual Group has agreed to acquire Wexler Insurance Agency/IJB, a specialist in risk management for the jewelry industry.
“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,” said Jewelers Mutual CEO Scott Murphy.
Founded in 1968 in Miami, Florida, Wexler now employs more than 60 people across offices in Coral Gables, Florida; Cincinnati, Ohio; New York City; and Newport Beach, California. The deal will allow the two companies’ agents to offer a more diverse range of risk-management products for jewelry retailers, wholesalers, manufacturers and designers, Jewelers Mutual added.
Image: Gold necklace in jewelry store. (Shutterstock)
Jewelers Mutual Buys Wexler Insurance Agency
The Bottom Line
- Jewelers Mutual Group has agreed to acquire Wexler Insurance Agency/IJB, a specialist in jewelry industry risk management.
- Wexler Insurance Agency employs over 60 staff across multiple U.S. offices including Florida, Ohio, New York, and California.
- The acquisition aims to combine Wexler’s products and alliances with Jewelers Mutual’s data and technology investments to expand services for jewelry retailers, wholesalers, manufacturers, and designers.
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