WTW Bolsters North American Presence with Strategic Acquisition
In a strategic move to strengthen its foothold in high-growth, specialized markets, WTW has announced its acquisition of Global Commercial Credit, LLC (GCC), a renowned Michigan-based entity. This acquisition is aligned with WTW’s strategy to fortify its credit and political risk capabilities across North America.
Founded in 1995, GCC has carved a niche in offering comprehensive credit risk management solutions, including trade credit, political risk insurance, and credit information services. The acquisition not only extends WTW’s influence in a pivotal regional market but also enriches its portfolio of industry-specific offerings.
Further enhancing its service suite, WTW has also acquired ProfitGuard, a GCC-affiliated credit risk service that complements trade credit insurance. This platform is anticipated to amplify WTW’s value proposition to clients on a global scale.
According to Scott Burnett, head of corporate mergers and acquisitions for WTW’s risk and broking division, “This acquisition is a key part of our strategic effort to scale high-growth broking businesses and expand our capabilities across the insurance value chain. 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, commented, “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.”
Victor Sandy, president and CEO of GCC, expressed enthusiasm about the integration. “We are thrilled to align with WTW and to 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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