Breaking News
Cadence Bank Completes the Sale of Cadence Insurance, Inc. to Arthur J. Gallagher & Co.
Cadence Bank (“Cadence” or the “Company”) (NYSE: CADE) announced it has closed the previously disclosed sale of its insurance operations, Cadence Insurance, Inc. (“Cadence Insurance”), to Arthur J. Gallagher & Co. (“Gallagher”) (NYSE: AJG) for $904 million in cash, subject to customary purchase price adjustments. The transaction will be effective at 11:59 p.m. CT today.
The transaction strategically positions Cadence for long-term growth and success, allowing it to reinvest the capital from the sale into growing its core banking business and fulfilling its short- and long-term strategic initiatives.
“The completion of this transaction is a testament to the significant value of the insurance business,” said Dan Rollins, chairman & CEO of Cadence Bank. “Over the past 24 years, we have enjoyed a strong partnership with Cadence Insurance, and we applaud their leadership and the entire team for their many contributions and commitment to serving their clients and communities.”
Cadence Insurance is an insurance brokerage business that specializes in commercial and personal property & casualty, employee benefits, business solutions, and risk management services. Cadence Insurance manages 30 offices in eight states across the Southeast and has consistently been recognized as a Best Places to Work by Business Insurance, Baton Rouge Business Report and Mississippi Business Journal. Its executive leadership, management and employees joined Gallagher in connection with the sale.
People In This Post
- Reset Raises $6 Million Seed Round Anchored by Credit Union Customers to Expand Embedded Earned Wage Access Platform Read more
- Members First Credit Union Selects Mahalo Banking to Modernize Digital Experience Alongside Core Transformation Read more
- Why Progressive Modernisation is the Smart Way to Upgrade Core Banking Read more
- Network International and Compass Plus Technologies Celebrate 20 years Powering Digital Payments Across Africa Read more
- Stopping Profit Leakage with Torus, payabl., and Raiffeisen Bank International Read more
Vitesse Names Richard Reggel as Chief Commercial Officer for Europe
Vitesse today announced the appointment of Richard Reggel as Chief Commercial Officer for Europe
Irish InsurTech Kayna Joins Guidewire InsurTech Vanguards Program
Kayna announced today that the company has joined the Guidewire Insurtech Vanguards program, an initiative led by P&C cloud platform provider, Guidewire
Sircon Compensation Recognized for Helping Carriers Turn Agent Compensation Into a Competitive Advantage
Vertafore®, the leader in insurance technology, today announced that its Sircon® Compensation solution has earned top industry and business honors, with a Gold in the 2026 TITAN Business Awards and finalist designation in the 2026 PropertyCasualty360 Insurance Luminaries Awards.
Windward Risk Managers Deepens Partnership with ZestyAI to Power California Market Entry
ZestyAI, the Risk and Decision Intelligence Platform for the insurance industry, today announced that Windward Risk Managers is using Z-FIRE™ to power wildfire underwriting as it expands into the California insurance market.
Vellum Launches AI Ops Agent to Transform Insurance Data Workflows
Vellum announced the launch of Val M., an operations AI agent designed to eliminate the manual ingestion and management of complex partner data
Allianz and Asda Agree Home and Motor Insurance Partnership
Allianz UK has strengthened its long-standing strategic partnership with Asda to offer home and motor insurance to Asda customers
Boost Insurance Launches Boost Atlas: The AI-Driven Partner Portal Built for Specialty Commercial Brokers & MGAs
Boost announced the release of Boost Atlas, an AI-enabled broker and MGA portal purpose-built to compress the placement workflow from hours to seconds
Reset Raises $6 Million Seed Round Anchored by Credit Union Customers to Expand Embedded Earned Wage Access Platform
Reset, an embedded earned wage access platform built for credit unions and community banks, today announced it has raised $6 million in seed funding, bringing total capital raised to more than $8 million. The round was anchored by credit union customers and strategic partners in the credit union and community banking space.
Members First Credit Union Selects Mahalo Banking to Modernize Digital Experience Alongside Core Transformation
Members First Credit Union (‘Members First’) has selected Mahalo Banking’s Thoughtful Banking® platform as part of a broader technology modernization initiative to deliver a more flexible, intuitive, and future-ready digital banking experience for its members. The partnership aligns with the credit union’s transition to the Corelation Keystone core platform and reflects a strategic effort to strengthen digital agility and member engagement.
Why Progressive Modernisation is the Smart Way to Upgrade Core Banking
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Network International and Compass Plus Technologies Celebrate 20 years Powering Digital Payments Across Africa
Network International (Network), a leading fintech company across the Middle East and Africa (MEA), and Compass Plus Technologies, an international provider of retail banking and payments software, celebrated 20 years of collaboration and evolution as both companies remain committed to supporting digital payment innovation.
Stopping Profit Leakage with Torus, payabl., and Raiffeisen Bank International
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “The Power of Foresight” – Kunal Galav, Marija Nakevska and Jérémie Bouguéon, Pleo in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Volante Technologies Launches “Vol360i” Agentic AI at the Core of Payments, Setting a New Global Standard for Intelligence in Banking
Volante Technologies, the global leader in Payments as a Service (PaaS), today announced that its Payments Platform and PaaS operations are now powered by its “Vol360i” Agentic AI. The core upgrade unlocks autonomous and semi-autonomous collaboration to reduce manual intervention, significantly increasing straight-through processing (STP) rates to over 95%, accelerating exception resolution, and proactively managing SLA performance.