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NEENAH, WI--Jewelers Mutual Group, the insurance provider for the jewelry industry, recently acquired Jewellers Loop, the company which founded Q Report.

Jewellers Loop is an Australian general agency with access to two leading specialized jewelry insurance products: Q Report and JewelCover. The acquisition represents the company's initial venture into international markets for personal jewelry insurance.

Both organizations will leverage their combined expertise to expand personal lines insurance solutions to more customers in more markets, Jewelers Mutual said in a statement.

"This strategic acquisition strengthens our collective ability to deliver unparalleled service and innovation to the jewelry industry on a global scale, ensuring both our companies thrive, grow and continue learning from each other’s successes," said Scott Murphy, president and CEO of Jewelers Mutual. “Bringing our capabilities together supports our united mission to elevate the love of jewelry and protect the pieces that mean the world to our customers.”

Jewellers Loop was founded in 2004 under the Q Report brand as Australia’s first specialist jewelry insurance provider. Both insurance products offered through Jewellers Loop – Q Report and JewelCover – are underwritten by Chubb Insurance Australia Unlimited.

“The world is changing fast, and the way people interact with businesses is evolving. Together, we’re embracing that change, using technology to enhance every customer touchpoint, and ensuring we remain industry leaders,” said Rami Baron, CEO and founder of Jewellers Loop.

For more information about this acquisition and what it means for customers in both North American and Australian markets, visit JewelersMutual.com/JL.