Global Commercial Credit
| Company type | Private |
|---|---|
| Industry | Insurance brokerage |
| Founded | March 1, 1996 |
| Founder | Craig Bonnell, Victor Sandy |
| Headquarters | Bingham Farms, Michigan , United States |
Area served | United States (offices in Boston, Baltimore, Tampa, Chicago, Cleveland) |
| Products | Trade credit insurance, political risk insurance |
Global Commercial Credit LLC operates as a U.S.-based broker specializing in trade credit and political risk insurance solutions.
History
Established on March 1, 1996, by Craig Bonnell and Victor Sandy in Bingham Farms, Michigan, Global Commercial Credit was created to provide a wider selection of trade credit insurance offerings than those available at their former employer. The company focused on serving middle-market companies with annual revenues ranging from $50 million to $500 million, a market segment often overlooked due to the consolidation trends among larger financial institutions.
By late 1996, the firm had opened a second location in Chicago, Illinois. Within less than a year, it had secured coverage for receivables exceeding $2 billion through collaboration with five different insurers. Presently, Global Commercial Credit maintains offices in Boston, Baltimore, Tampa, Chicago, and Cleveland, protecting upwards of $40 billion in worldwide sales via relationships with more than a dozen insurance providers.