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Mississippi-based Cadence Bank sells insurance operations for $904 million

Cadence Bank is selling its insurance operations for nearly $1 billion. Arthur J. Gallagher & Company, an American global insurance brokerage and risk management services firm headquartered in Chicago, announced Tuesday that it had signed a definitive agreement to acquire the Tupelo-based company’s insurance division. “Cadence Insurance is a fast-growing. ....

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