Everest Insurance® Hires Paul Sanders as Head of European Credit and Political Risk Business

NEW YORK, New York – February 7, 2018 – Everest Re Group, Ltd. (NYSE: RE) announced today that Paul Sanders has joined Everest Insurance^® as Head of their European Credit and Political Risk insurance business. Paul joins Everest with over 20 years of experience in the London market as a broker, underwriter, and manager. Paul’s most recent role was head of Aspen Insurance’s credit and political risk business. Based in London, Paul will provide credit and political risk solutions to European based customers in conjunction with Everest Insurance’s^® Ireland based underwriting platform, Everest Insurance Ireland, dac., which was recently awarded an A+ rating by S&P.

Commenting on the announcement, Jim Thomas, Head of Credit and Political Risk at Everest Insurance^®, stated “The addition of a highly respected and experienced professional such as Paul furthers our mission of building a leading global credit and political risk business. Paul brings a wealth of technical underwriting expertise and proven success as a manager, and he will allow us to better serve the needs of our customers throughout Europe.”

Jonathan Zaffino, President and CEO of Everest Insurance^® added, “I am pleased to welcome Paul to Everest where he joins our expanding international insurance business that is committed to providing innovative solutions to our customers on a global scale.”

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 Reinsurance Company (Ireland), dac. provides reinsurance to non-life insurers in Europe. Everest Insurance^® refers to the primary insurance operations of Everest Re Group, Ltd., and its affiliated companies which offer property, casualty and specialty lines insurance on both an admitted and non-admitted basis in the U.S. and internationally. The Company also operates within the Lloyd's insurance market through Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the Company manages segregated accounts, capitalized by the Company and third party investors that provide reinsurance for property catastrophe risks. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestre.com.