News & Views: Tuscano Milestones

Newsletter – Tuesday, August 16, 2016

There are many highlights in the history of the W.N. Tuscano Agency, and yes, I keep track of most of them! Tuscano is the kind of family business that cares far more about our legacy and the values of relationship, integrity, and caring than we do the 'numbers'. Every once in a while, I'll check the rear-view mirror just to see how far we've come and to make sure we haven't veered from our path. 

One of our most significant milestones is when Tuscano became 'tribunalized' in Lloyds. Not long after, we were given our own binding authority contract, or as the Brits like to say, 'the Pen'. Certainly, a big factor for us was our relationship with Brian McMahon, one of our first London brokers and a gentleman of the first order. Brian eventually became our key contact in London, underwriting and placing Lloyds open market business. Later when he joined Bell & Clements Ltd. as a director he taught us what it meant to do business based on relationship and confidence. Back then, London brokers had to trust their coverholders explicitly in order to empower them to underwrite, rate, issue certificates and settle claims on their behalf.  

Many years later Brian retired from Bell and Clements but continued in a role as mentor and personal friend to myself and the agency. Last month, Brian passed away after a long illness. I will miss him even though our recent contact was minimal. I will always remember Brian for his humor, integrity, and grace. I know I am a better insurance professional and person today because I got to know and work with Brian McMahon. 

Lloyds, like the rest of us, has had to change and adapt over the past twenty years yet they remain a fantastic resource and market for unique risks. You may think of them as the company that insured Marilyn Monroe's legs, but we see them as one of the most flexible markets we have to work with. 

That's why Lloyds and Great Lakes U.K. have been the natural choice for us to write vacant dwelling business for the last 25 years. We love vacant property!! And now that we have a brand new web-based Vacant Property rater (going live very soon) we could not be more committed to writing this business and making it easy for you to hop on, get a quote and get it bound! With this new online rating tool, you will now be able to rate all types of vacant property including dwellings, commercial buildings, condos and partially vacant buildings. It can rate business in 16 states from the northeast to the southeast and east of the Mississippi. We have built in options for coastal risks, our pricing is competitive, and we offer flexible billing and financing options. 

I guess I have been talking a lot about vacant property lately so I don't want you to think we don't love all types of commercial property - we do! Call one of the underwriters on the Property & Package team to get yourself some lovin'! 

If you'd like to listen to Bill Tuscano tell the story of the Tuscano Agency's start as well as our beginnings with Lloyds, check out the audio recordings we have on our About Us page of the website.

I hope your summer has been full of good things: friends, family and a bit of play. Since we are heading back into the new school year, don't forget about Tuscano for your After-school and Childcare accounts (we can even offer a BOP with accident & health to go with it), student transportation, and school and club accounts.

Have a fabulous day!

Back to Top