Everest Announces the Opening of its New Environmental Underwriting Facility

LIBERTY CORNER, N.J.--(Business Wire)--
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@everestre.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.everestre.com

Everest Indemnity Insurance Company
Raymond Baker, 1-800-438-4375
Vice President, Marketing

Copyright Business Wire 2008