HUB International Announces Sussession Plan for Gulf South Region
Thursday, December 6th, 2018
HUB International Limited, a leading global insurance brokerage, announced the succession plan for its Gulf South region. Steven Terry, who has served as President of the firm since 2002, will be moving into an advisory role effective January 2019. He will retire at the end of the second quarter of 2019.
Shaun Norris, who currently serves as the region’s Chief Sales Officer, will assume the role of President.
In 2007, Terry successfully transitioned the once bank-owned firm from Hibernia/Capital One to HUB International. At that time, the agency posted revenues of $18mm. Today, the region has grown to over $100mm in commission and fee income. As one the industry’s most acquisitive brokerages, HUB Gulf South has acquired $75mm in the five state footprint that Terry currently oversees.
Norris, who joined the agency in 2004, oversees a 70-plus agent production force and all new business initiatives for the firm. During the transition, Norris will maintain his sales leadership role specifically within Louisiana. Norris earned his bachelor’s and master’s degrees at the EJ Ourso College of Business at LSU, where he also served as adjunct professor in the Department of Marketing. A native of New Iberia, Louisiana, he has 22 years of agency management experience.