ST. MICHAEL, Barbados, Aug 6, 2001 (BUSINESS WIRE) -- Everest Re Group, Ltd. (NYSE: RE) announced today that its Board of Directors declared a dividend of $0.07 per share payable on or before September 21, 2001 to all shareholders of record as of August 31, 2001.

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 US and international markets. Everest Reinsurance (Bermuda), Ltd. provides reinsurance to property and casualty and life insurers in both the Bermuda and international markets. Everest National Insurance Company provides property and casualty insurance to policyholders in the United States. Everest Indemnity Insurance Company offers excess and surplus lines insurance in the United States. Southeastern Security Insurance Company provides personal lines insurance in Georgia. Everest Insurance Company of Canada provides property and casualty insurance to policyholders in Canada. Mt. McKinley Insurance Company is a run-off property and casualty insurer domiciled in Delaware. Additional information on Everest Re Group companies can be found at the Group's web site: www.everestre.com.