Exclusive Financial Advisor to Jewelers Mutual on its acquisition of Jewellers Loop
Oppenheimer & Co. Inc. acted as Exclusive Financial Advisor to Jewelers Mutual on its acquisition of Jewellers Loop
The strategic acquisition of Jewellers Loop Pty. Ltd. (“Jewellers Loop”) marks a significant milestone in the 110-year history of Jewelers Mutual, representing the company's first venture in the personal jewelry insurance market outside of North America. The acquisition creates a competitive advantage that will expand Jewelers Mutual’s footprint into Australia and allow for operational synergies that will benefit the global jewelry market.
Additionally, the companies together will revolutionize how products and services are delivered through alignment of technology, data and analytics for enhanced customer experiences and improved tech-enabled efficiency of the global jewelry market.
Founded in 1913, Jewelers Mutual is a leading jewelry insurance and business solutions provider.
Founded in 2004 as Australia’s first specialist jewelry insurance provider, Jewellers Loop is an insurance managing general agency with access to two leading specialized jewelry insurance products, Q Report and JewelCover. Both insurance products are underwritten by Chubb Insurance Australia Limited.
Read more in JM’s press release and its announcement on LinkedIn.
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