Jewelers Mutual Named To Top 50 Insurers Group; Will Insure Canadian Jewelers

August 24, 2005

Jewelers Mutual Named To Top 50 Insurers Group; Will Insure Canadian Jewelers

Jewelers Mutual was named to the Ward's 50, a benchmark group of the nation's 50 top performing insurance companies. Based in Cincinnati, OH, the Ward Group is a management consulting firm specializing in the insurance industry. Each year, the Ward Group recognizes 50 insurance companies that excelled at balancing safety, consistency, and performance over a five-year period, then benchmarks their performance against others in the industry.

Approximately 3,000 property-casualty companies were analyzed in 2005. Jewelers Mutual was selected to the final 50 for achieving outstanding financial results. "It's our employees! They are the ones whose efforts are being recognized today," said Ron Harder, CEO.

Jewelers Mutual was also given the green light to offer its commercial insurance program north of the border by Canada's Office of the Superintendent of Financial Institutions. The company filed applications with the Canadian provinces, which also must approve its program. JM is partnering with another expert in jewelry insurance: Canadian Jewellers Block Insurance Services, which will represent the company in Canada.

The company is also partnering with Jewellers Vigilance Canada. "JVC's work in crime prevention complements our strategy to help jewelers reduce their risk of loss and thereby save lives, protect assets, and keep insurance premiums affordable," said Darin Kath, president and COO of Jewelers Mutual. "Phyllis Richard, JVC's executive director, and the JVC board have ambitious plans to expand their crime prevention program. We are committed to helping them achieve those goals."

CJB Insurance Services was established in 1998 by Meredith Thomas, and serves jewelry businesses throughout Canada. "There have been few insurance options for Canadian jewelers," said Thomas. "As an insurance broker specializing in the jewelry industry, we have been interested in offering Jewelers Mutual's program to the Canadian market for several years. Canadian jewelers will soon have access to an insurer and broker that are fully committed to protecting jewelry businesses."

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