Jewelers Mutual Group has announced the acquisition of Union Life & Casualty Insurance Agency (UL&C), marking its entry into the pawnbroker insurance market.
Mike Alexander, Chief Operating Officer of Jewelers Mutual, highlighted the significance of the acquisition: “This strategic move enables us to harness our combined expertise and broaden our portfolio of innovative insurance solutions, further solidifying our position in the pawn sector. We are poised to accelerate our growth and continue providing exceptional value to our clients.”
The integration of UL&C is set to enhance Jewelers Mutual’s service offerings, providing increased choice and flexibility to a diverse clientele while expanding their market reach. The acquisition will also allow for the introduction of more customized insurance solutions.
Jon Walker, CEO of UL&C, expressed optimism about the merger: “This acquisition positions us to become a more formidable presence in the pawn industry, paving the way for improved products and experiences for both our existing and future customers.”
