Everest Insurance Launches Everest Elevation Management Liability Policy

NEW YORK, April 24 -- Everest Insurance, a subsidiary of Everest Re Group, issued the following news:

Everest Insurance(R) announced today the release of their new Everest Elevation(R) Management Liability Policy, which provides comprehensive coverage for publicly traded companies across all industries.

Everest Elevation(R) joins an innovative, expansive management liability primary product suite. The launch follows the successful release of Everest Rappel(R), as the Everest Specialty Underwriters group continues to capitalize on their vast industry experience and quick-to-market capabilities to bring customized solutions to the marketplace.

"Everest Elevation(R) provides strong protections for our clients' needs while offering unique coverage features directly addressing the increase in litigation and regulatory scrutiny faced by public companies," said Keith Lavigne, Head of Financial Lines for Everest Specialty Underwriters. "We are committed to providing specialized and innovative products that complement our proven track record of underwriting and claims excellence."

All Everest Insurance(R) products are backed by the rock-solid financial strength of the Everest Re Group, Ltd. (A.M. Best A+, S&P A+, Moody's A1).

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.