Global Commercial Credit LLC is an American trade credit and political risk insurance broker.
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History
Global Commercial Credit was founded on March 1, 1996 by Craig Bonnell and Victor Sandy in Bingham Farms, Michigan with the goal of offering a wider range of trade credit insurance products than was available from their previous employer. They targeted middle-market companies with revenues of between $50 million and $500 million, an area which David Brophy, a finance professor at the University of Michigan, said was underrepresented due to a trend towards larger banks.
The company opened a second office, in Chicago, Illinois, in the fall of 1996 and reported that they had protected over $2 billion in receivables, representing five different insurers, after 10 months of business. With offices now in Boston, Baltimore, Tampa, Chicago, and Cleveland, the company protects over $40 billion in global sales with more than a dozen carriers.
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References
External links
- Official website
- Benefits of Working with a Credit Insurance Specialty Broker
- What are the Benefits of Credit Insurance?
- How to Buy Credit Risk Insurance
- "Global Commercial Credit, of Bingham Farms, Leads in Domestic, Export Consulting", by Jerome O'Neill, Michigan Banker, November 1997
Source of article : Wikipedia
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