WTW has announced the acquisition of Michigan-based Global Commercial Credit, LLC (GCC), as part of its Willis business.
The move supports WTW’s strategy to expand into high-growth, specialized markets and strengthen its credit and political risk capabilities across North America.
Founded in 1995, GCC specializes in credit risk management solutions, including trade credit and political risk insurance, as well as credit information services. The acquisition extends WTW’s reach in a key regional market and adds depth to its portfolio of industry-specific offerings.
WTW also acquired ProfitGuard, a GCC-affiliated credit risk service designed to complement trade credit insurance. The platform is expected to enhance the firm’s value proposition to clients globally.
“This acquisition is part of our strategic effort to scale high-growth broking businesses and expand our capabilities across the insurance value chain,” said Scott Burnett, head of corporate mergers and acquisitions for WTW’s risk and broking division. “GCC brings strong market penetration, especially in the trade credit space, and will significantly enhance our scale and growth potential in North America.”
Evan Freely, WTW’s global head of financial Solutions, added, “GCC’s expertise and technical precision align perfectly with WTW’s approach to specialized credit products. This is an exciting opportunity to deepen our presence in targeted industries and offer expanded solutions to our clients.”
GCC president and CEO Victor Sandy expressed enthusiasm for the integration. “We are excited to align with WTW and deliver our proven credit risk management solutions to a broader audience. In today’s volatile economic environment, timely credit information and exposure mitigation are more critical than ever.”
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