MajorsJul 05, 2024
Saks Fifth Avenue Owner to Acquire Neiman MarcusMajorsJul 24, 2024
Jewelers Mutual Acquires Pawnbroker Insurance Provider
Union Life & Casualty will join JM Insurance Agency Partners, expanding the provider’s pawnbroker coverage.
The acquisition of Union Life & Casualty by Jewelers Mutual will help strengthen both the pawn market and the insurance industry, said JM.
Neenah, Wis.—Jewelers Mutual Group (JM) has acquired Union Life & Casualty Insurance Agency (UL&C), a pawnbroker insurance provider, for an undisclosed amount.
UL&C specializes in coverage for pawnshop owners, as well as buy-sell-trade stores, gold buyers, check cashers, coin dealers, consignment stores, and other related industries.
JM said the acquisition will help strengthen the pawn market and the insurance industry, and help meet customers’ needs for pawnbroker coverage.
“Our core values and commitment to customer satisfaction remains,” said Jon Walker, president and chief executive officer at UL&C.
“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.”
Rather than generating policies under a new name, UL&C offerings will become part of JM’s suite of market offerings.
UL&C’s headquarters in Phoenix, Arizona will remain, while JM continues to be based in Neenah, Wisconsin.
Related stories will be right here …
UL&C specializes in coverage for pawnshop owners, as well as buy-sell-trade stores, gold buyers, check cashers, coin dealers, consignment stores, and other related industries.
JM said the acquisition will help strengthen the pawn market and the insurance industry, and help meet customers’ needs for pawnbroker coverage.
“Our core values and commitment to customer satisfaction remains,” said Jon Walker, president and chief executive officer at UL&C.
“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.”
Rather than generating policies under a new name, UL&C offerings will become part of JM’s suite of market offerings.
UL&C’s headquarters in Phoenix, Arizona will remain, while JM continues to be based in Neenah, Wisconsin.
According to JM, the acquisition will allow it to be able to provide more choice and greater flexibility to more customers in more markets with personalized insurance options.
“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.”
For more information on JM Insurance Agency Partners’ specialty programs, and the commercial and personal policies offered, visit JM’s website.
More on Majors
The Latest
TrendsJun 20, 2025
Dua Lipa Stays On-Trend With Chunky Engagement RingThe singer’s ring ticks off many bridal trends, with a thick band, half-bezel setting, and solitaire diamond.
TrendsJun 20, 2025
Piece of the Week: Yvonne Léon’s ‘Python Gold’ BraceletThe bracelet references vintage high jewelry and snake symbolism as a playful piece where a python’s head becomes a working belt buckle.
CrimeJun 18, 2025
7 Men Indicted in $100M Brinks Jewelry HeistThe heist happened in Lebec, California, in 2022 when a Brinks truck was transporting goods from one show in California to another.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
AuctionsJun 18, 2025
Historic ‘Marie-Thérèse Pink’ Diamond Fetches $14M at Christie’sThe 10-carat fancy purple-pink diamond with potential links to Marie Antoinette headlined the white-glove jewelry auction this week.
Weekly QuizJun 20, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
EditorsJun 18, 2025
Q&A: Caryl Capeci Dives Into Cruise Jewelry ShoppingThe Starboard Cruises SVP discusses who is shopping for jewelry on ships, how much they’re spending, and why brands should get on board.
AuctionsJun 18, 2025
16th-Century ‘Gresham Grasshopper’ Ring Sells for $56KThe historic signet ring exceeded its estimate at Noonans Mayfair’s jewelry auction this week.
Brought to you by
Jewelers of America is Headed to Las Vegas for JCK 2025The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.
CollectionsJun 18, 2025
Kirk Kara Celebrates 135 Years With New JewelsTo mark the milestone, the brand is introducing new non-bridal fine jewelry designs for the first time in two decades.
SourcingJun 18, 2025
Gemfields Sells 36-Carat Rough RubyThe gemstone is the third most valuable ruby to come out of the Montepuez mine, Gemfields said.
TechnologyJun 18, 2025
Alex Brown Named President of Smithee GroupFounder and longtime CEO Ben Smithee will stay with the agency, transitioning into the role of founding partner and strategic advisor.
EditorsJun 17, 2025
The Best New Jewelry from Couture 2025, Part 1Associate Editor Natalie Francisco shares 20 of her favorite pieces from the jewelry collections that debuted at Couture.
ColumnistsJun 17, 2025
Peter Smith: Is Your Comp Plan a Hiring Hindrance?If you want to attract good salespeople and generate a stream of “sleeping money” for your jewelry store, then you are going to have to pay.
AuctionsJun 17, 2025
Colored Gemstones, Signed Jewels Shine in Sotheby’s High Jewelry SaleThe top lot was a colorless Graff diamond, followed by a Burmese ruby necklace by Marcus & Co.
EditorsJun 16, 2025
Q&A: Bogolo Joy Kenewendo on Mining, Tariffs, and the Energy of Las VegasFollowing visits to Vegas and New York, Botswana’s minerals minister sat down with Michelle Graff to discuss the state of the diamond market.
IndependentsJun 16, 2025
Greenwich St. Jewelers Launches Commitment Campaign Celebrating LGBTQ+ CouplesThe “Your Love Has the Perfect Ring” campaign showcases the strength of love and need for inclusivity and representation, the jeweler said.
MajorsJun 16, 2025
Ivette Nersesyan-Stephanopoulos Joins Tiffany & Co.The former De Beers executive is the jewelry house’s new director of high jewelry for the Americas.
MajorsJun 16, 2025
Catbird Names WNBA Star Nyara Sabally as Its New Brand AmbassadorThe New York Liberty forward is the first athlete to represent the Brooklyn-based jewelry brand.
CollectionsJun 13, 2025
Piece of the Week: Robinson Pelham’s Pear EarringsTake a bite out of the 14-karat yellow gold “Fruits of Love Pear” earrings featuring peridots, diamond stems, and tsavorite leaves.
Events & AwardsJun 13, 2025
AGA to Host ‘Diamonds From Mine to Market’ Education ConferenceThe one-day virtual event will feature speakers from De Beers, GIA, and Gemworld International.
EditorsJun 12, 2025
15 Questions With Jewelry Photographer Ella SophieThe California-based creative talks jewelry photography in the modern era and tackles FAQs about working with a pro for the first time.
AuctionsJun 12, 2025
Vintage Patek Philippe From the ‘50s Sells for $4M at Sotheby’s Al Capone’s pocket watch also found a buyer, though it went for less than half of what it did at auction four years ago.
Events & AwardsJun 12, 2025
Gabriel Love Foundation Introduces Scholarship Honoring Elias GabrielThe foundation has also expanded its “Stronger Together” initiative with Jewelers for Children.
AuctionsJun 12, 2025
Former De Beers Exec Celine Assimon Joins BonhamsAssimon is the auction house’s new chief commercial officer.
EditorsJun 11, 2025
Q&A: Al Cook on Differentiating Natural Diamonds, Traceability, and TariffsThe De Beers Group CEO discusses the company’s new “beacon” program, the likelihood diamonds will be exempt from tariffs, and “Origin.”
MajorsJun 11, 2025
Pandora Bets on Las Vegas for First North American FlagshipThe Danish jewelry giant hosted its grand opening last weekend, complete with a Pandora pink roulette wheel.
GradingJun 11, 2025
Tiffany Stevens Exits IGI, Lab Appoints New Board LeaderIndustry veteran Anoop Mehta is the new chairman and independent director of the IGI board.
