Hancock Holding (HBHC) in Gulfport, Miss., has agreed to sell its property and casualty and group benefits lines of business to AssuredPartners in Lake Mary, Fla.

The $19 billion-asset company said in a press release Tuesday that it has established a referral program with AssuredPartners for the services it will divest. Hancock said it expects to complete the sale on Friday; it did not disclose a price.

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