Re/insurance broker WTW has appointed Steven Reiss to lead the company’s Northeast region for Corporate Risk & Broking (CRB).
Reiss will transition from his current role as the CRB head for Philadelphia, where he has delivered transformational growth across the greater Philadelphia market since joining in 2018, as well as establishing deep relationships across the region.
Brad Messinger, WTW Northeast Geography Leader, commented: “Steve’s expertise has enabled him to deliver a compelling value propsition for our clients and colleagues in Philadelphia. His continued focus on industry specialization, value creation, attracting talent, and winning clients will be the reason our Northeast Region continues to succeed.”
WTW also announced that Reiss will replace Mark Rusas, who was previously serving in both capacities as Northeast CRB leader and Head of the Mergers & Acquisitions (M&A) Practice.
Having created the M&A practice in 2003, Rusas’ tenure has evolved to concurrently lead both the M&A business and the CRB Northeast region, however he will now focus his talents on the progression and growth of WTW’s M&A Practice.
Over his tenure at WTW, Reiss has worked closely with Mark Rusas, and his leadership experience has enabled him to attract differentiated intellectual capital to WTW.
“I couldn’t be more excited about the opportunity to materially scale WTW’s M&A business, building on brand and value proposition, while focused on diligence, insurance, benefits administration and the delivery of risk management advisory services solely focused on strategic and financial buyers and their portfolio of company investments”, said Rusas.
“Our focus on M&A is a clear demonstration of how specialization and a compelling value proposition generate market leading growth,” he added.
Mike Liss, Head of CRB North America added: “Mark’s leadership has guided the Northeast region to a successful and growing operation for nearly five years, and Steve is well-positioned to take over and continue the momentum. Mark has been a leader in developing our M&A business, and we are grateful for his commitment to delivering superb value to our clients in the space.”
