Joseph V. Taranto to Remain as CEO of Everest Re Group through 2013; Dominic J. Addesso Named as Successor

  Joseph V. Taranto to Remain as CEO of Everest Re Group through 2013; Dominic
  J. Addesso Named as Successor

Business Wire

HAMILTON, Bermuda -- July 19, 2012

Everest Re Group, Ltd. (NYSE: RE) today announced that Joseph V. Taranto has
agreed to continue in his role as Chief Executive Officer of the Company
through 2013, at which point he will retire from this position. Effective
January 1, 2014, Dominic J. Addesso, President, will succeed Mr. Taranto as
the Chief Executive Officer.

Joseph V. Taranto stated, “I am pleased to continue to lead our team through
next year and that Dom will assume the helm and lead our team for many years
thereafter. Dom is an extraordinarily capable, experienced, and ethical
executive. Our Company has never been stronger and the future has never been
brighter.”

"I am most appreciative of the support and confidence of the Board,” Mr.
Addesso said. “I look forward to the challenge of building upon the
extraordinary foundation of success set by Joe.”

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), Limited provides reinsurance to non-life insurers in Europe.
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. Everest Insurance Company of Canada provides property and casualty
insurance to policyholders in Canada. Additional information on Everest Re
Group companies can be found at the Group’s web site at
www.everestregroup.com.

Contact:

Everest Global Services, Inc.
Elizabeth B. Farrell, 908-604-3169
Vice President, Investor Relations