In its first foray into the international market, US insurance firm Jewelers Mutual has purchased Australian insurer Jewellers Loop.
The acquisition will help Jewelers Mutual grow its client base and leverage data, technology and analytics to enhance its customer experience, the Wisconsin-based provider said Wednesday.
Jewellers Loop is best known for Q report and JewelCover, two prominent insurance products it offers.
“This strategic acquisition strengthens our collective ability to deliver unparalleled service and innovation to the jewelry industry on a global scale,” said Jewelers Mutual CEO and president Scott Murphy. “Bringing our capabilities together supports our united mission to elevate the love of jewelry and protect the pieces that mean the world to our customers.”
Image: A diamond ring. (Shutterstock)
