Press Releases

Everest Re Group Announces Dividend


EVEREST GROUP LTD
45 Reid Street
Hamilton HM 19, Bermuda

CONTACT
Elizabeth B. Farrell
Vice President, Investor Relations
(908) 604-3166

Everest Re Group, Ltd. (NYSE: RE) announced that its Board of Directors declared a dividend of $0.48 per share payable on or before June 16, 2008 to all shareholders of record on May 24, 2008.

HAMILTON, Bermuda - May 14, 2008 - Everest Re Group, Ltd. (NYSE: RE) announced that its Board of Directors declared a dividend of $0.48 per share payable on or before June 16, 2008 to all shareholders of record on May 24, 2008.

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.everestregroup.com.