Broking and advisory company WTW has acquired Michigan-based Global Commercial Credit for an undisclosed sum.  

GCC will be integrated into Willis, a WTW business. 

This move is part of the company’s strategy to expand into specialised businesses that support its growth plan.  

Set up in 1995, GCC specialises in credit risk management solutions, offering products such as trade credit and political risk insurance, alongside credit information services. 

WTW said that the acquisition strengthens its industry diversification across “strategic sectors”. 

The transaction also includes WTW’s purchase of ProfitGuard, a credit risk management service that complements trade credit insurance.  

ProfitGuard’s scalability is set to enhance the value proposition for WTW’s global client base. 

WTW risk & broking business corporate mergers & acquisitions head Scott Burnett said: “This acquisition is one of the ways WTW is investing strategically to optimise our portfolio and pursue scaled and high-growth broking businesses, accelerating our specialisation strategy in selected industries, and expanding our capabilities and reach across the insurance value chain. 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. With this deal, Willis will become one of North America’s leading trade credit insurance specialists, with deep financial institution and industry expertise.” 

The latest deal follows WTW’s stake purchase in UK-based advice-led wealth manager atomos in October last year. 

In 2023, WTW announced the acquisition of AIMUW, an Italian managing general agent specialising in professional services, agriculture and the public sector.