Everest Re Group, Ltd. Appoints John Doucette Executive Vice President

Business Editors

HAMILTON, Bermuda--(BUSINESS WIRE)--July 30, 2008--Everest Re Group, Ltd. (NYSE: RE) announced today that it has appointed John P. Doucette to the position of Executive Vice President, effective September, 2008.

Mr. Doucette joins Everest from Max Bermuda where he held the position of President and Chief Underwriting Officer of their P&C Reinsurance Division. He comes to Everest with extensive reinsurance experience having held positions at Max Bermuda (formerly Max Re), Swiss Re, and Tillinghast. Mr. Doucette is a graduate of Cornell University and holds the Fellow of Casualty Actuarial Society designation.

Mr. Joseph V. Taranto, Chairman and Chief Executive Officer, said, “We are very pleased to have a highly experienced executive of John’s caliber join the Everest team. His reinsurance expertise and strong business background will be instrumental in the continued success of our organization.”

Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Everest National Insurance Company and Everest Security Insurance Company provide property and casualty insurance to policyholders in the U.S. Everest Indemnity Insurance Company offers excess and surplus lines insurance in the U.S. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestre.com.