CFS Acquisition by WTW Expands West Coast Presence
Deal News | May 02, 2025 | Re-Insurance News
WTW, a leading global advisory, broking, and solutions company, has acquired CFS International Inc., a trade credit insurance firm based on the US West Coast. Established in 1990, CFS specializes in trade credit insurance solutions aimed at aiding global firms in managing credit risk. This acquisition signifies WTW's strategic focus on expanding its trade credit operations and increasing its geographical reach, particularly on the West Coast. It follows a recent acquisition of Global Commercial Credit, highlighting WTW's intent to reinforce its presence in the trade credit sector. CFS brings expertise and a committed client service ethos, aligning with WTW's goal to deliver superior and specialized financial services. Ralph Clumeck, the outgoing President of CFS, expressed confidence in WTW's ability to enhance CFS' client offerings under new leadership by Bridget Clumeck.
Sectors
- Insurance
- Advisory Services
Geography
- United States – The acquisition focuses on expanding WTW's presence in the US, particularly on the West Coast.
- US West Coast – CFS is based on the US West Coast, and the acquisition enhances WTW's geographical coverage in this specific region.
Industry
- Insurance – The article involves the acquisition of CFS, a trade credit insurance company, by WTW, a firm involved in advisory and insurance solutions.
- Advisory Services – WTW, the acquiring company, operates as an advisory, broking and solutions firm, emphasizing the article’s focus on these services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WTW | Bidding Company | Company | A global advisory, broking, and solutions company acquiring CFS. |
| CFS International Inc. | Target Company | Company | A trade credit insurance company based on the US West Coast acquired by WTW. |
| Scott Burnett | Company Executive | Person | Head of Corporate Mergers & Acquisitions for WTW's Risk & Broking business. |
| Ralph Clumeck | Former President | Person | Outgoing President of CFS expressing confidence in the acquisition by WTW. |
| Bridget Clumeck | Leader of CFS Post-Acquisition | Person | Set to lead CFS in its next chapter under WTW's ownership. |