President and CEO
Jewelers Mutual Group
Neenah
Scott Murphy has led Neenah-based Jewelers Mutual Group since 2015. The firm, which provides insurance to jewelry retailers, wholesalers, manufacturers, appraisers and individuals, is recognized as one of the fastest-growing companies in northeast Wisconsin.
The company has grown through acquisition in recent years, including Wexler Insurance Agency in 2020, fine jewelry e-commerce site Gem + Jewel in 2021 and pawnbroker insurance provider Union Life & Casualty Insurance Agency in the summer of 2024. It has also introduced several tech-driven tools for jewelers, including the Zing Marketplace platform and a mobile app that assists consumers in protecting and managing their jewelry.
Education: Bachelor’s and MBA, University of Tennessee
Your secret talent: “My wife and daughters will argue this is the burden they have had to carry over the years, but as a stress reliever I often make up words to whatever song is playing on the radio at the time.”
Advice for first-time leaders: “Look at everything as a learning opportunity and embrace a ‘learn fast’ mindset.”
If you could time travel: “I would go back in time to talk to my younger self. Although I probably would not be able to change, I would tell myself that all those things that are out of my control that I will worry about over the years did not come true – and not because I worried about them.”
What would you like to change about Wisconsin: “Embrace a digital future. The world is going through a major digital disruption and leading through this change can be challenging. Promoting the importance of moving digital forward is critical to the state’s progress.”
2022 Wisconsin 275 Profile
Insurance
President and CEO
Jewelers Mutual Group | Neenah
Scott Murphy became president and chief executive officer of Neenah-based Jewelers Mutual Group in 2015. Jewelers Mutual provides business insurance and risk management solutions to U.S. and Canada’s jewelry retailers, wholesalers, manufacturers and appraisers, and personal jewelry insurance to nearly 1 million consumers. In addition to its Neenah headquarters, the company has offices in Dallas and Miami.
Jewelers Mutual reports more than $17 billion in bound jewelry coverage. In 2021, the company reported $614 million in assets. It ranked No. 59 this year on Deloitte’s Wisconsin 75 list of the 75 largest private companies in the state, based on sales revenue. It also ranked among Ward’s 50 top-performing property-casualty insurance companies this year.
Under Murphy’s leadership, the company transitioned to a mutual holding company in 2020. Also that year, the company acquired Wexler Insurance Agency, followed by its acquisition of fine jewelry e-commerce site Gem + Jewel in 2021. It also became the “official jewelry insurance” of the Milwaukee Bucks in 2021, its first-ever partnership with a professional sports franchise.
Previously, Murphy was an executive partner and principal in insurance industry consulting group Triad Analytic Solution. Earlier, he was chief operating officer at GMAC Insurance and held executive positions within the Great American family of insurance carriers, Infinity Insurance and Windsor Insurance Group.
Education: MBA, University of Tennessee
