M&A Advisory
K&L Gates
Full Credential Description
K&L Gates advised on the sale of Jewellers Loop and Q Report to a subsidiary of US-based insurance company Jewelers Mutual Group. Jewellers Loop, established in 2004, was Australia’s first specialist jewellery insurance provider, offering two specialized products: Q Report and JewelCover, both underwritten by Chubb Insurance Australia. The unique challenge faced by Jewellers Loop was the need to align with a partner that could enhance their offerings and expand their reach within the jewellery insurance market. The tailored solution provided by K&L Gates involved navigating the complexities of the sale to ensure that Jewellers Loop could leverage Jewelers Mutual Group's extensive experience and resources in the jewellery industry. This strategic partnership aimed to combine their capabilities to better serve the customer base in Australia and beyond. As a result of this transaction, Jewellers Loop is positioned to enhance its service offerings and operational capabilities, benefiting from the established reputation and resources of Jewelers Mutual Group, which has been focused on the unique insurance needs of the jewellery industry since 1913. This merger is expected to significantly strengthen their market presence and improve customer support in the evolving landscape of jewellery insurance.