Mark Carney to become chair of Brookfield’s asset management spin-off

Mark Carney, the former governor of the Bank of England, will become the chair of Brookfield Asset Management, the investment arm of the Canadian conglomerate that will be spun off by the end of this year. Carney, a Canadian and former Goldman Sachs executive, was governor of the Bank of Canada from early 2008 to … Read more

IMA Group acquires case management company

The IMA Group, a workers compensation service company based in Tarrytown, New York, on Wednesday announced it has acquired Mollie Kallen Case Management. Terms of the transaction were not available. Mollie Kallen provides medical field and telephonic comp case management, catastrophic case management, life care planning and vocational case management. Boca Raton, Florida-based Mollie Kallen … Read more

IMA Group Acquires Mollie Kallen Case Management

New You can now listen to Insurance Journal articles! The IMA Group, a provider of independent medical examinations and case management in workers’ compensation, continues to expand with its acquisition of Florida-based Mollie Kallen Case Management. The terms of the deal were not disclosed. IMA, headquartered in Tarrytown, New York, said in a press release … Read more

Arthur J. Gallagher & Co. Acquires UK Risk Management Consultant, Another Day

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Another Day Ltd. Terms of the transaction were not disclosed. Founded in 2016, AnotherDay is a London-based risk management consultancy that helps organizations across 90 countries pre-empt and prepare for complex threats, react to crises and investigate criminality through the … Read more

HRS Agrees to Acquire Expense Management Platform Paypense

HRS has agreed to acquire Germany-based expense management platform Paypense, which it will integrate into its own HRS Pay spend management platform, the company announced. Financial terms of the deal were undisclosed. Launched two years ago, Paypense combines corporate card and expense management functions, enabling companies to distribute Paypense virtual cards and set up budgets … Read more

PayPal stock gains after reports of Elliott Management stake (NASDAQ:PYPL)

Justin Sullivan PayPal (NASDAQ:PYPL) jumped 7.5% in after hours trading after reports that activist investor Elliott Management is building a stake in the payments company. The size of the stake wasn’t immediately known, according to a WSJ report. Elliott has taken the stake to try to speed up the company’s cost-cutting efforts, according to a … Read more

Falcon Risk to write admitted excess management liability

Falcon Risk Holdings LLC, a U.S. financial, professional and cyber lines managing general agent, said Monday it would write excess management liability coverage on an admitted form. Falcon said in a statement that it will underwrite on HDI Global Insurance Co.’s admitted paper, currently approved in 45 states, with approval pending in four other states … Read more