(NEENAH, Wis.) - Following up on the celebration of the 100-year anniversary of the date of its official charter to become an insurance company, Jewelers Mutual revealed the identity of the new chief financial officer who will help to usher the company into its second century of business.
Paul J. Fuhrman, CPA, AIAF, will bring more than two decades worth of experience in senior level financial management in the insurance industry to his new role at Jewelers Mutual. He comes to JM having served most recently as vice president, financial reporting and controller at SFM Mutual Insurance Company in Bloomington, Minnesota. SFM Mutual is a provider of workers’ compensation insurance, primarily to Minnesota employers.
“We’re undertaking some exciting initiatives to strengthen our competitive position for our next century of service to the jewelry industry and the jewelry-buying public, and we’re delighted to have Paul on board as an integral part of those plans,” said Darwin Copeman, Jewelers Mutual’s president and CEO.
Jewelers Mutual is aligning the organization under two divisions representing the insurer’s two major categories of offerings: 1) insurance, loss-prevention, and business-practices services to the jewelry industry; and 2) insurance protecting individuals’ jewelry and celebrating the moments that those possessions represent.
“Our unique business model entails insuring not only an industry but also that industry’s retail customers. Our various programs and services provide additional value to those two groups and, most importantly, help to strengthen the bond between them,” Copeman said. “We will draw on Paul’s deep understanding of mutual-insurance financial models, dynamic financial analysis, and key profitability indicators to manage the complex interrelationship between our two divisions’ financial performance,” Copeman added.
Fuhrman assumed his office with Jewelers Mutual at the beginning of April.
Visit the Jewelers Mutual website at www.JewelersMutual.com to learn more.