Jewelers Mutual Group has acquired Union Life & Casualty Insurance Agency (UL&C), marking a strategic move to enter the pawnbroker market.
Mike Alexander, chief operating officer at Jewelers Mutual, emphasized the significance of this acquisition in expanding their insurance offerings within the pawn industry. He stated, “This strategic acquisition empowers us to combine our expertise and broaden our range of innovative insurance solutions, reinforcing our position in the market.” Alexander further added, “Together, we will accelerate growth and deliver exceptional value to our customers.”
The acquisition is expected to enhance customer choice and flexibility across broader markets, as well as enable Jewelers Mutual to provide more personalized insurance options.
Jon Walker, CEO of UL&C, expressed optimism about the acquisition, noting, “I believe this move will strengthen our presence in the pawn industry, leading to improved products and experiences for both current and future customers.”
