Willis acquires UK broker
Broker Willis is set to acquire UK broker and independent healthcare adviser PMI Health Group (PMIHG).
Established in 1986, PMIHG is the UK’s largest independent provider of employee healthcare and risk management services, according to Willis.
It offers a range of health and protection insurance, including services targeting absence management and occupational health.
Willis said the acquisition will significantly raise its presence in the UK employee benefits and healthcare market, and will add greater depth and range to its product offering and skills base.
Nicolas Aubert, chief executive office (CEO) of Willis GB, said: “This deal is a major step forward for our human capital and benefits business, and offers strong synergies and future strategic opportunities.
“Both Willis Employee Benefits and PMI Health Group are recognised for their expertise and outstanding client service, and uniting these two wholly complementary businesses will enhance our competitive edge further.”
Tony Powis, CEO of Willis Employee Benefits, said: “PMI Health Group is a leading healthcare adviser, with great people and a proven track record. This is a pivotal and exciting time for both businesses. Our combined team will provide the scale, technology and expertise to deliver innovative and compelling value propositions.
“Organisations of all sizes are struggling to manage their employee risks such as absenteeism and presenteeism, and we are determined to shake this market up through innovative propositions.”
Matthew Baldwin, CEO of PMI Health Group, added: “PMI Health Group has become a leading adviser in the employee healthcare market by having a great team and a unique proposition. We work to keep organisations and employees fit for business through the delivery of employee healthcare advice and services, nurse-led claims management and occupational health services.
“Joining with Willis will bring significant strategic opportunities and enable the PMI Health Group team and proposition to be an integral part of a growing, exciting and international business to service our clients.”
