San Jose, Calif. — March 20, 2009 — Thoits Insurance of San Jose, one of the largest 100% employee owned insurance brokerage firms in the nation, announced the promotion of Paul Saich to CEO, effective immediately. Saich replaces Don Way, who has been with Thoits for 44 years, and will remain as Chairman of the Board.

Saich joined Thoits Insurance in 1996 and most recently served as Executive Vice President of Sales. Saich now will be responsible for guiding Thoits growth in today’s challenging economy and positioning the company to thrive through the next century.

“Being named CEO of Thoits is a great honor, as well as a great responsibility. I am assisted by a group of smart, talented professionals,” says Saich. “With their support, and by continuing to provide superior service to our clients, I’m confident that even in the current unsettled economic climate, Thoits will thrive.”

As Dean Middour, President and COO said, "The transition of CEO from Don Way to Paul Saich has been seamless; in fact, it’s been a case study in the successful perpetuation of an insurance brokerage. The completion of the transition now allows Mr. Saich and the management team to focus on growing the business in San Jose and greater Bay Area."

Bringing more than 17 years of experience with a Bachelor’s degree in Finance from California Polytechnic in San Luis Obispo, Saich will maintain the vibrant sales culture, while focusing on providing a prosperous, professional and ethical workplace in Thoits’ unique employee-owned work environment.

About Thoits
Established in 1891, Thoits Insurance is a regional California insurance brokerage, employee benefits and risk management consulting firm owned by its employees. Thoits serves the needs of the Bay Area’s peninsula and Silicon Valley by determining risks in all areas of business and protecting its clients against these risks.

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