The acquisition provides greater choice and flexibility, and best-in-class products and services to pawn businesses nationwide
Jewelers Mutual® Group, the insurance and business solutions provider dedicated to the jewelry industry since 1913, recently announced its acquisition of the trusted pawnbroker insurance provider, Union Life & Casualty Insurance Agency (UL&C). JM Insurance Agency Partners, Inc., a Jewelers Mutual Group company, will join forces with UL&C, expanding the Group’s expertise, helping strengthen both the pawn market and the insurance industry, and helping meet customers’ needs for best-in-class pawnbroker coverage.
“This strategic acquisition empowers us to leverage our combined expertise and expand our suite of innovative insurance solutions to further strengthen our market position in the pawn industry,” said Mike Alexander, Chief Operating Officer at Jewelers Mutual. “Together, we will accelerate our growth and continue to deliver incredible value to our customers.”
JM Insurance Agency Partners connects the top agents throughout the U.S. and Canada with carriers and their collective products, services and risk management solutions from around the globe. The addition of UL&C provides more choice and greater flexibility to more customers in more markets with personalized insurance options.
“Our core values and commitment to customer satisfaction remains. I believe this acquisition will allow us to create a more powerful force in the pawn industry, ultimately leading to even better products and experiences for our current and future customers,” said Jon Walker, President and Chief Executive Officer at UL&C.
For more information about JM Insurance Agency Partners’ diverse suite of specialty programs, as well as commercial and personal policy offerings, visit JMPartners.com.
ABOUT JEWELERS MUTUAL GROUP
Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual’s powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers’ strong financial position is reflected in their 37 consecutive “A+ Superior” ratings from AM Best Company, as of November 2023. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas and Miami, Florida. To learn more, visit JewelersMutual.com.
ABOUT UNION LIFE & CASUALTY INSURANCE AGENCY
Union Life & Casualty Insurance Agency (UL&C) has been in the insurance business since 1965, specializing in pawn and related industries for more than 25 years. The UL&C team is exclusively devoted to providing excellent customer service and comprehensive insurance coverage to serve the unique insurance needs of pawnshop owners as well as many related industries; such as, buy sell trade stores, gold buyers, check cashers, coin dealers, consignments stores, and more. To learn more, visit PawnInsurance.com.
