GemCap, a Texas-based provider of revolving credit facilities, term loans and factoring facilities for small and medium-sized businesses across the U.S. and Canada, chose FGI Worldwide’s T.R.U.S.T. platform as a risk mitigation solution for client credit insurance policies.
Bibby Financial Services, an independent UK invoice finance provider, chose FGI T.R.U.S.T. as its software platform for bad debt protection management and administration.
Ronnie Bloom, a managing director at FGI Worldwide, will expand his business development efforts to the western U.S. Bloom will remain involved in Canadian transactions as he develops and nurtures partnerships in California, the Pacific Northwest and Texas.
FGI Worldwide hired Rick Perea as director of FGI Risk. Perea will be responsible for originating new business opportunities for FGI’s credit insurance brokerage and risk advisory division by cultivating relationships throughout the Southeast marketplace.
FGI Worldwide hired Paul Bower as director of FGI Technology. Based in London, Bower will be responsible for expanding FGI’s proprietary credit insurance monitoring software, T.R.U.S.T, throughout the UK and Europe.
FGI Worldwide supported H2 Equity Partners’ £50 million ($54.5 million) acquisition of Acal BFi from DiscoverIE Group by providing a €36 million ($39.2 million) cross-border, multi-asset, committed credit facility.
Sami Altaher has been named president of FGI. David DiPiero will continue to serve in his role as chief executive officer.