He will manage 13 offices and almost 340 team members.
Global brokerage Hub International Limited (HUB) has named Tim Smith president and CEO of HUB International Carolinas. This region includes the company’s operations in North and South Carolina.
Smith formerly worked as chief sales officer for HUB International Carolinas and was a market leader in the Charlotte area. Before joining HUB, he was the managing director of business development at Wells Fargo, where he built a leading insurance development team in the South Region.
As an entrepreneur, Smith was instrumental in establishing, expanding, 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.
Smith will also concentrate on obtaining new clients and serving a portfolio of over 50 commercial insurance clients, with a concentration on industries 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,” stated Michael S. Chapman, president of HUB’s south and central regions.
He noted that Smith’s responsibilities will include team formation and management, as well as devising risk and insurance strategies to assist clients in protecting their most valuable 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 announced that it had purchased Southern Colorado Insurance (formerly SCIC LLC) for an unknown sum.
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