By Mia MacGregor
May 2 - (The Insurer) - Willis has acquired specialty credit insurance brokerage CFS International, based in Irvine, California.
Founded in 1990, CFS specializes in trade credit insurance solutions for global firms.
“Bringing CFS into WTW further demonstrates our commitment to building the leading trade credit platform in North America,” said Todd Lynady, regional head of Willis Financial Solutions.
CFS president Ralph Clumeck will step away from the business.
In April, Willis announced that it had acquired Michigan-based trade credit and political risk broker Global Commercial Credit LLC.
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