Willis Promises to Shake Up the UK Human Capital & Benefits Market as Acquisition of PMI Health Group Completes
October 07 2015 - 4:16AM
Willis Group Holdings plc (NYSE:WSH), the global risk advisory,
re/insurance broking, and human capital and benefits firm, has
today announced the completion of its acquisition of PMI Health
Group (PMIHG), a leading independent healthcare adviser and broker
in the UK.
PMIHG will operate as Willis PMI Group whilst the business
integrates with Willis Employee Benefits over a six month
period.
The deal, which was first announced in July this year, will
bring greater depth and range to Willis’ service offering and
skills base, allowing the business to deliver on its recent pledge
to bring a radical new approach to the UK employee benefits
market.
PMIHG offers a range of award-winning health and protection
services in the UK with a specific focus on absence management,
occupational health, and managed care services. One in five of its
128 staff is medically trained. Willis is a respected global leader
in human capital and benefits, risk, and re/insurance.
Both organisations enjoy a track record of exemplary client
service, with a focus on helping organisations drive efficiencies
through integrated approaches to interventions.
In addition to his role as CEO of Willis Employee Benefits Ltd,
Tony Powis will become Chairman and CEO of Willis PMI Group.
He said: “The market is crying out for a new way of thinking,
thanks to a combination of challenges facing companies today in
terms of an ageing society, healthcare inflation and social fiscal
pressures, not to mention changing workforce attitudes and demands.
Even though the employee benefits industry tends to be fragmented
and siloed in nature, most organisations are keen to understand
what their unique employee risks are and how to manage and mitigate
them in a joined-up manner.
“Both businesses have exceptionally talented individuals which
will enable us to take a game-changing approach to employee
benefits, helping companies to turn business strategy into results
through their people. To this end, we’ve designed an innovative and
compelling proposition and, together with PMI Health Group, we’re
now in a position to start shaking things up with new solutions
being delivered in the New Year.”
Richard Munro, Managing Director of Willis PMI Group, said: “The
health insurance sector is changing, presenting new opportunities
for both insurers and intermediaries. With Willis, PMI Health Group
can now provide a wider range of benefits to clients, wherever they
are located in the world, whilst delivering the high levels of
service expected by our clients and of which we are extremely
proud. I am looking forward to working with Tony and the team at
this exciting time.”
About WillisWillis Group Holdings plc is a
leading global risk advisory, re/insurance broker and human capital
and benefits firm. With roots dating to 1828, Willis operates today
on every continent with more than 18,000 employees in over 400
offices. Willis offers its clients superior expertise, teamwork,
innovation and market-leading products and professional services in
risk management and transfer. Our experts rank among the world’s
leading authorities on analytics, modelling and mitigation
strategies at the intersection of global commerce and extreme
events. Find more information at our website, www.willis.com, our
leadership journal, Resilience, or our up-to-the-minute blog on
breaking news, WillisWire. Across geographies, industries and
specialisms, Willis provides its local and multinational clients
with resilience for a risky world.
Contact:
Media:
Paul Platt
+44 20 3124 7659
Email: Paul.Platt@willis.com
Investors:
Matt Rohrmann
+1 212 915 8180
Email: Matt.Rohrmann@willis.com