Jewelers Mutual Group has acquired Jewellers Loop, the Australian company that offers two insurance products, Q Report and JewelCover.
Terms were not disclosed. The acquisition marks Jewelers Mutual’s first venture into international markets for personal jewelry insurance.
“The world is changing fast, and the way people interact with businesses is evolving,” said Rami Baron, CEO and founder of Jewellers Loop, in a statement. “Together, we’re embracing that change.”
Founded in 2004 under the Q Report brand, Jewellers Loop is Australia’s first insurance provider specializing in jewelry. Both Q Report and JewelCover are underwritten by Chubb Insurance Australia.
This is the latest in a string of acquisitions by Jewelers Mutual over the last few years: It purchased Union Life & Casualty, a Phoenix-based pawnbroker insurance agency, in 2024; e-tailer Gem + Jewel in 2021; and Wexler Insurance/IJB in 2020.
Top: Jewelers Mutual’s headquarters in Neenah, Wis. (photo courtesy of Jewelers Mutual)
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