Who We Are

Norvest Specializes in providing insurance products and services to the New York State public sector.

Norvest Financial Services was founded in 1991 with the goal of providing insurance products and services to the public sector. Our Employee Benefits Division provides custom designed group insurance — including, life, disability income protection, critical illness, long term care, automobile and homeowners coverage — to more than 30,000 New York State and municipal employees and retiree’s.

Norvest’s executive staff has more than 80 years of combined experience in the insurance and financial services industries. We have developed relationships with the major carriers that allow us to secure for our clients insurance benefits features they would not otherwise be able to obtain.

Norvest President and CEO William Wasserbach, Jr. is a Certified Financial Planner with   more than 25 years experience in the financial services and insurance field. Bill is responsible for the entire range of services Norvest provides.  In addition to his responsibilities as CEO, Bill is also the lead negotiator with the insurance carriers on behalf of all Norvest clients for plan design and policy renewals.  Bill’s recognition within the group insurance industry, when providing benefits to the public sector, has benefited his clients when negotiating policy terms with the major insurance carriers.

Rosanne Toohey, Select Accounts Manager, has more than 25 years experience in the insurance industry. Rosanne was a Human Resources Benefits Specialist for 12 years, and was responsible for the design, development, administration, implementation, and presentation of employee benefits programs. She has also served as an account manager for a major health insurance carrier.

Lawrence DeCosmo, Financial Analyst, former Chief Financial Officer for the NYS Thruway Authority, has more than 30 years of public sector experience in a variety of accounting and financial positions. Larry’s numerous responsibilities at the Thruway Authority included analyzing insurance coverage proposals, ensuring compliance with regulations and procuring appropriate coverage.