Jewelers Mutual Insurance Co., has appointed Paul Fuhrman as its chief financial officer (CFO).
“We’re undertaking some exciting initiatives to strengthen our competitive position for our next century of service to the jewellery industry and the jewellery-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 chief executive officer (CEO).
Fuhrman’s appointment comes as the Wisconsin-based insurer celebrates its 100th anniversary. He brings more than two decades’ worth of experience in senior level financial management to the company. He was previously vice-president, financial reporting and controller at SFM Mutual Insurance Co., in Minnesota.
Jewelers Mutual is directing its efforts toward fulfilling its two major categories of offerings:
- insurance, loss-prevention, and business-practices services to the jewellery industry; and
- insurance protecting individuals’ jewellery and celebrating the cherished moments those items represent.
“Our unique business model entails insuring not only an industry, but also that industry’s retail customers,” Copeman said.
“Our various programs and services provide additional value to those two groups and, most importantly, help to strengthen the bond between them. 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.”
Fuhrman takes up his post with Jewelers Mutual at the beginning of April.
