Global brokerage firm Hub International Limited (HUB) has announced the appointment of Tim Smith as the new president and CEO of HUB International Carolinas, overseeing the company’s operations across North and South Carolina.
Smith, who was previously the chief sales officer at HUB International Carolinas and a prominent market leader in Charlotte, brings a wealth of experience to his new role. Before joining HUB, he served as managing director of business development at Wells Fargo, where he spearheaded the development of a leading insurance team for the South Region.
In addition to his corporate achievements, Smith is known for his entrepreneurial success. He played a key role in founding, growing, and eventually selling Baytree Finance Company to Wells Fargo.
As president and CEO, Smith will manage 13 HUB offices and a team of nearly 340 employees. His responsibilities will include driving profitable growth, overseeing the company’s mergers and acquisitions strategy in the Carolinas, and expanding HUB’s client base. He will focus on servicing over 50 commercial insurance clients, particularly in the nonprofit, construction, and hospitality sectors.
Michael S. Chapman, president of HUB’s South and Central regions, praised Smith’s extensive executive leadership experience, noting his background spans private equity, commercial banking, commercial insurance, employee benefits, surety, and retirement services. Chapman highlighted that Smith’s role will involve team building and developing risk and insurance strategies to safeguard clients’ key assets.
Smith expressed his commitment to advancing HUB’s organic and acquisition growth strategies, aiming to solidify the company’s position as a leading middle-market insurance brokerage in the Carolinas.
