Global brokerage Hub International Limited (HUB) has announced the appointment of Tim Smith as president and CEO of HUB International Carolinas. This region encompasses the company’s operations in North and South Carolina.
Smith previously served as chief sales officer at HUB International Carolinas and was a market leader in the Charlotte area. Before joining HUB, he was the managing director of business development for Wells Fargo, where he established a leading insurance development team for the South Region.
As an entrepreneur, Smith also played a significant role in founding, growing, and eventually selling Baytree Finance Company to Wells Fargo.
In his new role, Smith will oversee 13 HUB offices and nearly 340 team members. He will be responsible for driving profitable growth and managing HUB’s mergers and acquisition strategy in the Carolinas.
Additionally, Smith will focus on attracting new clients and servicing a portfolio that includes over 50 commercial insurance clients, with a focus on sectors such as nonprofit, construction, and hospitality.
"Tim brings over two decades of executive leadership experience across various industries, including private equity, commercial banking, commercial insurance, employee benefits, surety, and retirement services," said Michael S. Chapman, president of HUB’s south and central regions.
He added that Smith's role will involve building and managing teams, as well as developing risk and insurance strategies to help clients protect their key assets.
Smith stated his intention to continue executing HUB’s organic and acquisition growth strategies, aiming to maintain the company's position as a leading middle-market insurance brokerage in the Carolinas.
Earlier this month, Hub International also announced that it had snapped up the assets of Southern Colorado Insurance (formally SCIC LLC) for an undisclosed sum.
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