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Jewelers Mutual Buys Wexler Insurance Agency

Acquisition will let both firms offer greater range of risk-management services.
Nov 1, 2020 5:02 AM   By Rapaport News
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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)
Tags: insurance, Jewelers Mutual, Jewelry, Rapaport News, risk management, Wexler, Wexler Insurance Agency, Wexler Insurance Agency/IJB
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