Safety National, the leading provider of excess workers' compensation insurance in the United States, today announced management changes and realignments that will be effective Jan. 1, 2010. After three decades with the company, Chief Executive Officer Terrence Schoeninger will retire. Upon his retirement, current President and Chief Underwriting Officer Mark Wilhelm will become the company’s new chief executive officer. Schoeninger will remain a member of Safety National’s board of directors.

In addition to these changes, Gerald Scott, who has been with Safety National for 26 years and is currently its chief operating officer, will assume the role of president. Current Chief Financial Officer Duane Hercules will become the company’s new chief operating officer. Hercules has been with Safety National for 25 years.

 “Terry Schoeninger has played a critical role in the growth of Safety National over his 30-year tenure with the company,” Wilhelm said. “Our current position as an industry leader is due in large part to his leadership and direction. During his tenure as CEO, the company’s revenue grew by 228 percent and its surplus grew by 335 percent. The Safety National management team has worked together for 25 years, and we are confident that the succession of existing members of that team to their new roles will continue the consistent and excellent leadership that has built this company into what it is today.”

Schoeninger started with Safety National in 1979 as assistant general counsel and moved up the ranks to president and CEO in 1995. Wilhelm began his career at Safety National as an underwriter in 1977, taking on the roles of president and CUO in 2007.

Safety National — A.M. Best Rating “A” (Excellent), Financial Size Category X — is a versatile alternative market insurance provider offering a broad range of alternative risk funding products through independent insurance agents and brokers. Founded in 1942, Safety National is the leading provider of excess workers’ compensation coverage to self-insured employers and groups nationwide and has provided that type of coverage longer than any other company in the U.S. In addition, Safety National offers Large Casualty Programs, including large deductible workers’ compensation and auto and general liability; assumed workers’ compensation reinsurance; Loss Portfolio Transfers (LPT); Texas non-subscriber coverage (TEXcess); self-insurance bonds and other alternative risk programs. The company is licensed to provide workers’ compensation insurance in all 50 states, the District of Columbia and Canada. Safety National is a wholly owned subsidiary of Delphi Financial Group Inc. (NYSE: DFG), a $6 billion insurance holding company.