M3, an insurance broker and risk management firm, announced Wednesday it acquired Trade Acceptance Group, a trade credit insurance advisory firm.
This will expand M3 Insurance’s property and casualty specialization and strengthen the firm’s ability to help clients protect accounts receivable, manage customer nonpayment risk and pursue growth in domestic and international markets, M3 said in a press release.
“This integration represents a meaningful expansion of M3’s property and casualty specialization,” Brad Reitzner, executive vice president of property and casualty and partner at M3, said in a statement. “Trade credit insurance is a powerful tool for businesses that are growing, entering new markets, or managing customer concentration. The Trade Acceptance Group team brings a high level of expertise and a client-first approach that aligns naturally with how we serve our clients at M3.”
The addition of Trade Acceptance Group also enhances M3’s ability to support clients with global growth strategies, exporting goods or services and extending credit to foreign buyers.
