Stay updated with breaking news from Markham Mcknight. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Cadence Bank entered into a definitive agreement to sell its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. for $904 million in cash1. Key Highlights: Sale of Cadence Insurance, Inc., the second largest bank-affiliated insurance brokerage in the nation as ranked by Business Insurance, will allow Cadence to capitalize...
Deal is expected to close in the fourth quarter of the year
Operator: Good day and welcome to the Cadence Bank Third Quarter 2023 Webcast and Conference Call. [Operator Instructions] Please note that this event is being recorded.
Cadence Insurance, a Baton Rouge-based provider of commercial property and casualty insurance and employee benefits, will be acquired for $749 million.
Arthur J. Gallagher & Co. today said it has signed a definitive agreement with Cadence Bank to acquire Cadence Insurance, Inc. for $904 million cash.