Everest Insurance Launches Everest Elevation Lawyers Professional Liability Policy

NEW YORK, April 23 -- Everest Re Group, a reinsurance and insurance organization, issued the following news:

* * *

- Everest Insurance(R) announced today the release of their new Everest Elevation(R) Lawyers Professional Liability Policy.

* * *

Everest Insurance(R) announced today the release of their new Everest Elevation(R) Lawyers Professional Liability Policy, designed to provide law firms with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing legal services.

Everest Elevation(R) addresses the coverage needs of law firms by providing market leading terms and conditions while offering a variety of coverage enhancements, including expense reimbursement for crisis events, disciplinary proceedings, security incidents, and subpoena compliance.

"Everest Elevation(R) has been created with the emerging issues and evolving needs of mid to large size law firms in mind," stated Rob Diziki, Vice President, Professional Liability. "The Everest Insurance(R) underwriting teams are committed to providing our insureds with a tailored product designed to cover defense costs and settlement payments arising from malpractice allegations."

About Everest Re Group, Ltd.

Everest Re Group, Ltd. ("Everest") is a leading global provider of reinsurance and insurance, operating for more than 40 years through subsidiaries in the U.S., Europe, Bermuda and other territories.

Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.

Everest common stock (NYSE:RE) is a component of the S&P 500 index.

Everest Insurance(R) markets property, casualty, specialty and other lines of admitted and non-admitted direct insurance on behalf of Everest Re Group, Ltd., and its affiliated companies. Additional information about Everest, our people, and our products can be found on our website at www.everestre.com. All issuing companies may not do business in all jurisdictions.