WTW buys trade credit and political risk broker Global Commercial Credit

By Mia MacGregor

April 1 - (The Insurer) - Willis, a WTW business, has acquired Michigan-based Global Commercial Credit, LLC (GCC), strengthening its diversification and geographic footprint.

Founded in 1995, GCC specializes in custom-tailored credit risk management solutions, with expertise in trade credit and political risk insurance, as well as credit information services.

WTW stated that the acquisition aligns with its strategy of technical, industry-focused and expertise-driven growth.

As part of the deal, WTW will also acquire ProfitGuard, a specialized credit risk management service that complements its trade credit insurance, according to the company.

“The acquisition of GCC significantly enhances our scale and growth potential for our credit and political risk business in North America. It also diversifies our client base across industries, strengthens our sales capabilities nationwide and opens opportunities to introduce complementary products to WTW’s global clients,” said Scott Burnett, head of corporate mergers and acquisitions for WTW’s Risk & Broking business.