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W.N. Tuscano Agency has signed an agreement to acquire the managing general agent Insurance Markets Inc. (IM) in Clarks Summit, PA.
Founded in 1960, IM is an MGA and surplus lines broker serving clients who are primarily in Pennsylvania.
Following the deal’s closure, the IM office in Northeastern Pennsylvania will continue to operate under the direction of Robin Tuscano – current transportation manager at Tuscano Agency – who has been newly appointed as branch manager. In addition, IM executives William Tierney, Jr., Peter Tierney, Joe Tierney, and Ryan Tierney will also join Tuscano Agency and operate from their current location.
“The Tierney family is pleased to become a part of the Tuscano organization, and we look forward to expanding our reach and ability to serve independent agents in Pennsylvania and the surrounding region,” commented IM president and CEO Bill Tierney.
Tuscano Agency president and CEO Robert B. Tuscano welcomed the Tierneys to the company in a statement, additionally noting that the acquisition of IM offers Tuscano a local presence in Northeastern PA – potentially opening the doors for business in upstate New York and Northern New Jersey.
Headquartered in Greensburg, PA, W.N. Tuscano Agency is a regional insurance brokerage that writes business in 21 states.
