HAMILTON, Bermuda - August 8, 2007 - Everest Re Group, Ltd. (NYSE: RE) announced today that it has promoted Daryl Bradley to President of its U.S. Insurance operating subsidiaries, effective immediately. These operations include Everest National Insurance Company, Everest Indemnity Insurance Company and Everest Security Insurance Company.

Commenting on Bradley's promotion, Thomas J. Gallagher, President and Chief Operating Officer of Everest Re Group, said, "Daryl has been pivotal to the successful development of our U.S. Insurance arm, which has grown from $70 million in 1999 to more than $800 million today. We are fortunate to have someone of Daryl's caliber on our team who is capable of continuing to execute on our strategic objectives for this division."

Mr. Bradley joined Everest in 1995 and has held increasingly more responsible positions in the underwriting area of the Company. Most recently he held the position of Executive Vice President of Underwriting, Marketing and Operations for the group's U.S. Insurance operations. Prior to joining Everest, Mr. Bradley held various underwriting positions at Continental Insurance Company and Fireman's Fund Insurance Company.

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.everestre.com.