Cadence Insurance a Gallagher Company Overview

Cadence Insurance is a part of the Gallagher global broking network, which spans across 150 countries. This global reach allows Cadence to offer its clients a broad range of insurance solutions.

Cadence Insurance is a specialist insurance intermediary that provides a range of insurance products to its clients. It was founded by a team of experienced insurance professionals who wanted to create a more personalized and responsive insurance service.

The company's focus on delivering exceptional customer service and its commitment to building long-term relationships with its clients has earned it a strong reputation in the industry.

Cadence Insurance, a Gallagher Company, operates globally as a member of the Worldwide Broker Network. They work with clients to provide the highest standard in insurance services.

Their specialties include aviation, marine, business insurance, medical malpractice/healthcare, captives, pharmacy, construction, employee benefits, energy, public entity, HR consulting, legal and compliance, transportation, and manufacturing.

Insurance agents, like Cadence Insurance, a Gallagher Company, don't actually provide the insurance itself, but rather help clients find the right coverage.

They work with insurance carriers to provide a range of services, including policy review and recommendation.

As a member of the Worldwide Broker Network, they operate globally, giving clients access to a wide network of resources.

Cadence Insurance, a Gallagher Company, is an insurance agent and not an insurance carrier, so it's essential to review your policy for coverage terms and conditions.

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Cadence insurance, a Gallagher company, offers a wide range of insurance specialties to cater to diverse business needs. Aviation insurance is one of their specialties, providing coverage for aircraft and related businesses.

They also offer marine insurance, which protects shipping companies and vessel owners from various risks. Business insurance is another key area of expertise, covering general liability, property, and workers' compensation.

Medical malpractice and healthcare insurance are also part of their portfolio, providing protection for medical professionals and healthcare organizations. Captives and pharmacy insurance are specialized services that require expertise and knowledge.

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Construction insurance is another area where Cadence insurance excels, offering coverage for construction projects and related businesses. Employee benefits insurance helps companies provide comprehensive benefits to their employees.

Energy insurance is designed to mitigate risks associated with the energy industry, including oil and gas exploration. Public entity insurance provides coverage for government agencies and public institutions.

HR consulting and legal and compliance services are also offered by Cadence insurance, helping businesses navigate complex HR and regulatory issues. Transportation insurance covers risks associated with the transportation industry, including trucks and logistics.

Manufacturing insurance provides coverage for industrial equipment and production processes, helping businesses mitigate risks and ensure continuity.

Additional reading: Benefits of a Captive Insurance Company

Cadence insurance, a Gallagher company, generates revenue in the range of $501 million to $1 billion. This is a significant revenue stream for the company.

Gallagher's acquisition of Cadence insurance has likely contributed to this revenue growth. Their combined expertise and resources have likely led to increased business and revenue.

Cadence insurance's revenue is a notable aspect of Gallagher's overall financial performance. This revenue range is substantial and reflects the company's growing presence in the insurance industry.

Cadence Insurance, a fast-growing agency with strong niche capabilities, is being acquired by Arthur J. Gallagher Co. The deal is expected to close during the fourth quarter of the year and is valued at $904 million.

Cadence Insurance has 34 offices spanning nine states across the Southeast, including Texas, and employs nearly 800 professionals. Following the acquisition, they will be operating under Bumpy Triche and Robby White.

Gallagher's acquisition of Cadence Insurance is part of a series of M&A deals the company has made in recent months. The deal will enhance Gallagher's footprint across the Southeastern states and Texas, and will also make them the preferred insurance broking partner of Cadence Bank.

Here are the key details of the acquisition:

Arthur J. Gallagher Co. has signed a definitive agreement to acquire Cadence Insurance, a fast-growing agency with strong niche capabilities across construction, real estate, manufacturing, healthcare, and professional services.

Cadence Insurance is headquartered in Baton Rouge, Louisiana and has 34 offices spanning nine states across the Southeast, including Texas. It is hailed as the second largest bank-owned insurance broker in the country.

Gallagher will acquire the stock of Cadence Insurance for $749m, a figure that factors in Gallagher’s discounted tax benefit related to the transaction, amounting to approximately $155 million.

The acquisition is expected to enhance Gallagher’s footprint across the Southeastern states and Texas, and will also become the preferred insurance broking partner of Cadence Bank.

Cadence Insurance has a team of nearly 800 professionals, led by Markham McKnight and Chris Boone, who will be operating under Bumpy Triche and Robby White following the acquisition.

The deal is expected to close during the fourth quarter of the year and will bring a great deal of long-term growth prospects to Gallagher.

Gallagher has made a series of M&A deals in recent months, including the acquisition of Rosenzweig Insurance Agency in Mineola, New York, Meadowbrook Insurance Agency in Michigan, and Clements Worldwide in Washington, D.C.

Cadence Bank is selling its insurance business to Arthur J. Gallagher & Co. for $904 million. This deal will allow Cadence Bank to focus on its core banking business.

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The sale is part of a larger trend where banks are retreating from secondary ventures to build capital and shore up their core franchises. This is due to high borrowing costs and tough regulation.

Cadence Bank's insurance brokerage unit will be sold to Arthur J. Gallagher & Co. The deal will help Gallagher's presence in Texas and several states in the Southeast.

Gallagher's construction, real estate, manufacturing, health care, professional services, and high-net-worth personal lines businesses will also get a boost from the deal.