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WTW acquires U.S. West Coast trade credit insurance company, CFS International
Globenewswireยท 2025-05-01 14:31
Core Insights - WTW has acquired CFS International Inc., enhancing its trade credit business and expanding its presence on the U.S. West Coast [1][3] - CFS, founded in 1990, specializes in trade credit insurance solutions, helping global firms manage credit risk [2] - This acquisition is part of WTW's strategy to optimize its global portfolio and pursue high-growth broking businesses [3] Company Overview - WTW provides data-driven solutions in people, risk, and capital across 140 countries, aiming to enhance organizational resilience and performance [4] - The acquisition of CFS aligns with WTW's focus on specialized industries and strengthens its position as a leading trade credit provider [3] Leadership Comments - Scott Burnett from WTW emphasized that the acquisition of CFS is a strategic move to enhance service for clients on the West Coast [3] - Ralph Clumeck, President of CFS, expressed confidence in the transition to WTW, highlighting the benefits for clients [3] - Todd Lynady noted the commitment to building a leading trade credit platform in North America through this acquisition [3]