Everest Announces the Opening of its New Environmental Underwriting Facility

Everest Indemnity Insurance Company, a U.S. insurance subsidiary of Everest Re Group, Ltd (NYSE: RE), announced today that it has starting writing business through its newly opened Environmental Insurance underwriting office located at its headquarters in Liberty Corner, NJ.

LIBERTY CORNER, N.J. - August 5, 2008 - Everest Indemnity Insurance Company, a U.S. insurance subsidiary of Everest Re Group, Ltd (NYSE: RE), announced today that it has starting writing business through its newly opened Environmental Insurance underwriting office located at its headquarters in Liberty Corner, NJ. Everest has more than ten years of experience in underwriting environmental-related insurance products. With this new facility, Everest will quickly and efficiently service its wholesale and retail producers of environmental products, which are available in all 50 states and the District of Columbia.

Everest's environmental products are targeted at a wide range of contractors, consultants and environmental professionals who are seeking pollution liability coverage. Coverage is available for contractors' pollution, professional environmental consultants, environmental contractors, motor vehicle, waste facilities, and site specific pollution. In addition, Everest offers a full array of claims and loss control services including the ability to provide a certified industrial hygienist with environmental consultant work experience in managing environmental projects.

Backed by solid financials, Everest Indemnity Insurance Company is rated A+ XV (Superior) by A.M. Best.

To learn more about Everest's environmental insurance products and services, visit www.everestnational.com or contact Ray Baker at 908-604-3675 or (raymond.baker@everestglobal.com).

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.

This literature is descriptive only. The coverage is subject to the language of the policy as issued. Coverage provided by Everest Indemnity Insurance Company is available only to surplus lines producers. Not all insurers do business in all jurisdictions. Additional information on Everest Re Group companies can be found at the Group's web site at www.everestregroup.com.