Baton Rouge, Louisiana-headquartered Cadence Insurance, Inc., a wholly-owned subsidiary of Cadence Bank (NYSE:CADE). As part of the transaction, Gallagher will become the preferred insurance broking partner of Cadence Bank.  Under the agreement, Gallagher will acquire the stock of Cadence Insurance for $749 million, which is net of Gallagher's discounted tax benefit associated with the transaction of approximately $155 million. Integration costs and expected non-cash management retention costs are expected to total $70 million over the next 3 years.