K&L Gates Advises on Sale of Jewellery Insurance Business to US Jewelers Mutual Group

Global law firm K&L Gates has advised on the sale of Jewellers Loop and Q Report to a subsidiary of US-based insurance company Jewelers Mutual Group.

Jewellers Loop was founded in 2004 under the Q Report brand and was Australia’s first specialist jewellery insurance provider. It provides two specialised jewellery insurance products, Q Report and JewelCover, that are underwritten by Chubb Insurance Australia.

Founded in 1913, Jewelers Mutual Group is a US-based insurance and business solutions provider focused on offering products that meet the unique insurance needs of the jewellery industry.

The Corporate deal team was led by Sydney partner Russell Lyons, with support from special counsel Becki Tam and lawyer Daniel Nastasi.

Lyons stated: “We congratulate Jewellers Loop on this milestone transaction and wish the enlarged venture every success. We look forward to seeing how their combined capabilities will enhance the jewellery industry and support their customer base in Australia and beyond.”

K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices on five continents, providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.