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Richard Munro, group managing director, PMI Health Group

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1:34 pm, March 9, 2010
Profits up 22 per cent at health insurance broker PMI Group

Profits rose 22 per cent last year to £1.53m at Northwich-based medical insurance broker PMI Health Group.

The company, owned by the Baldwin family, saw turnover rise 11 per cent to £8.7m in what it said was its “best financial year ever”.

PMI offers employee healthcare insurance and risk management services and runs nurse-led claims management team to help employers minimise claims and get employees back to work more quickly.

Group managing director Richard Munro said: “We are delighted with these figures. We have continued to grow organically as a family-controlled operation, investing in our customer support and employee healthcare services.

“Consequently, we've enjoyed excellent income retention from our existing customers. The company's remarkable performance during unprecedented global economic conditions is testament to everyone associated with the group.”

PMI Health Group expects further growth for 2010 thanks to the launch of PMI Global, a new service aimed at expatriates and employees working abroad.

The company was founded by serial entrepreneur Chris Baldwin, whose son Matthew is chief executive.

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