Global Commercial Credit LLC is an American trade credit and political risk insurance broker.
 Company logo | |
| Industry | Insurance broker |
|---|---|
| Founded | March 1, 1996 |
| Founder |
|
| Headquarters | , U.S. |
Number of locations | Offices in Connecticut, Massachusetts , Maryland, Florida, Illinois, Ohio |
| Products | |
| Website | www |
History
editGlobal Commercial Credit was founded on March 1, 1996[1] 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.[1][2] 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.[2]
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.[1] 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.
References
edit- ^ a b c "Credit firm receives new clients", by Matt Roush, Crain's Detroit Business Archived 2014-02-18 at the Wayback Machine, February 10, 1997
- ^ a b "2 Dun & Bradstreet staffers join firm in corporate finance", by Matt Roush, Crain's Detroit Business Archived 2014-02-18 at the Wayback Machine, March 11, 1996
External links
edit- 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 Archived 2014-02-26 at the Wayback Machine", by Jerome O'Neill, Michigan Banker Archived 2014-02-27 at the Wayback Machine, November 1997