Ernst Csiszar Appointed Vice Chairman of Guarantee Insurance Company

FORT LAUDERDALE, FL – February 15, 2011

Guarantee Insurance Company, announced today that Ernst N. Csiszar has been appointed Vice Chairman of its Board of Directors. The appointments are effective February 10, 2011.

Steven M. Mariano, Chairman & CEO of Guarantee Insurance Company commented, “We are excited to have Ernie join our Board as Vice Chairman. With his broad insurance company and regulatory background, we believe Ernie can help Guarantee move to the next level. We believe his skills and experience will prove invaluable as we seek to grow and build our company.”

Mr. Csiszar is currently a clinical professor of finance at the Moore School of Business, University of South Carolina. He is a past president of the National Association of Insurance Commissioners. Mr. Csiszar also sits on the Board of Directors for Mastec, Inc., an NYSE listed specialty contractor and PHTS Services, Ltd., a service provider to the healthcare industry and is a Senior Advisor to Bridge Strategy Group LLC, a management consulting firm.

Mr. Csiszar earned his LL.B. and B.A. from the University of Windsor in Canada. He began his professional career as a lawyer practicing commercial and corporate law in Canada. From 1979 to 1988, Mr. Csiszar was a partner and managing co-director of Holborn Holding Corporation based in Geneva, Switzerland. He subsequently served as managing director of CG Associates from 1988 to 1995, and president and CEO of Seibels Bruce Group, Inc., a South Carolina-based property and casualty insurance company, from 1993 to 1998. Mr. Csiszar was the State of South Carolina’s insurance commissioner from 1999 to 2004, and president and CEO of the Property and Casualty Insurers of America, the largest property and casualty insurance association in the United States, from 2004 to 2006.

Mr. Csiszar, commenting on his appointment, ”I am looking forward to working with Steve and his senior management team. Steve has developed a unique business model and assembled an outstanding team. Guarantee is positioned to become a leader in the workers’ compensation industry and I am pleased to be involved in its future growth and prosperity.”