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Jewelers Mutual Selects Scott Murphy as New CEO

Nov 5, 2014 2:27 PM   By Jewelers Mutual
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Press Release: Jewelers Mutual Insurance Company announced on Tuesday that the board of directors has selected the successor to its president and CEO, Darwin Copeman, who will be retiring in 2015.  Copeman has been president and CEO of Jewelers Mutual since 2009 and Scott Murphy will assume the role.

Murphy formerly served as an executive partner and principal in the insurance industry consulting group Triad Analytic Solutions, which offers product, pricing/underwriting and distribution solutions for numerous insurance related businesses across multiple lines of business. Murphy will begin his new role as president and CEO of Jewelers Mutual in January. His successful career in insurance includes roles as chief operating officer at GMAC Insurance as well as executive or management positions within the Great American family of insurance carriers, Infinity Insurance and Windsor Insurance Group.  jewelers mutual

According to Jewelers Mutual's chairman of the board, Mark Fiebrink, the board of directors was especially impressed by Murphy's innovative and enthusiastic leadership style. He has extensive experience in all areas of insurance leadership across multiple distribution channels.

Fiebrink said, "Jewelers Mutual's board of directors is unique in that it includes representation from both the jewelry industry and the insurance industry, making it a strong leadership team for a company so deeply connected throughout the industry it serves. We expect that Scott Murphy is going to be a terrific asset to the company, leading Jewelers Mutual into its next century of success."

Copeman is confident in the board of directors' choice of Murphy as his successor. "I was very pleased to learn that our board of directors had selected Scott. As the jewelry industry continues to thrive and change, I think his abilities to cultivate new ideas and approaches to insurance will be particularly well-suited to serving and protecting the jewelry industry and jewelry owners."

Murphy was attracted to Jewelers Mutual because of its strong reputation, its solid financial performance and the chance to focus on a particularly diverse niche industry, saying, "The more I learn about Jewelers Mutual, the more excited I am to join this great company. Its roots run deep in the jewelry industry, and I am looking forward to leading a company with such a strong commitment to its members."

Jewelers Mutual has earned 27 consecutive ratings of "A+ Superior" from A.M. Best Company and is listed among the Ward's 50® top performing insurance companies.

Copeman added, "I am so proud of my time at Jewelers Mutual, and I'm thankful for the amazing people I have had the honor to work with, including our associates, our talented agents and, most of all, the policyholder members who trust Jewelers Mutual to protect them. I'm truly blessed to have led such an amazing company, and I look forward to Jewelers Mutual's continued success."

Murphy is a graduate of the University of Tennessee, where he earned his MBA in 1993. He will be relocating to Wisconsin from Winston-Salem, North Carolina with his wife, Cheri, and two teenage daughters, Ashlee and Emilee.

About Jewelers Mutual Insurance Company
Jewelers Mutual Insurance Company is the only insurer dedicated solely to serving the jewelry industry in the U.S. and Canada. Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Today, Jewelers Mutual remains the trusted insurance advisor and loss prevention expert for nearly 10,000 jewelry businesses including retailers large and small, wholesalers, manufacturers, custom designers, appraisers and many other segments of the jewelry industry. Additionally, more than 300,000 consumers trust Jewelers Mutual and its Perfect Circle® Jewelry Insurance to protect their personal jewelry. The company's strong financial position is reflected in its 27 consecutive ratings of "A+ Superior" from A.M. Best Company and more than $17 billion in bound jewelry coverage. To learn more, visit


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