8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

September 1, 2009

Everest Re Group, Ltd.

 

(Exact name of registrant as specified in its charter)

Bermuda	1-15731	98-0365432
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
Wessex House – 2nd Floor 45 Reid Street PO Box HM 845 Hamilton HM DX, Bermuda		Not Applicable
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 441-295-0006

Not Applicable

 

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

                               On September 1, 2009, the registrant issued a news release announcing the retirement of its Vice Chairman and Chief Underwriting Officer, Thomas J. Gallagher, effective October 9, 2009. A copy of the news release announcing the retirement is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

Exhibit No. Description

99.1 News Release of the Registrant dated September 1, 2009

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                 EVEREST RE GROUP, LTD.

                 By:   /S/ KEITH T. SHOEMAKER        

  Keith T. Shoemaker

       Vice President and Comptroller,

      Principal Accounting Officer

Dated: September 1, 2009

EXHIBIT INDEX

Exhibit

Number Description of Document Page No.

99.1 News Release of the Registrant dated September 1, 2009 5

EX-99

        NEWS RELEASE

EVEREST RE GROUP, LTD.

Wessex House, 45 Reid Street, 2^nd Floor, Hamilton HM DX, Bermuda

Contact: Elizabeth B. Farrell

Vice President, Investor Relations

Everest Global Services, Inc.

908.604.3169

For Immediate Release

Thomas J. Gallagher to Retire as Vice Chairman and Chief Underwriting Officer

of Everest Re Group, Ltd.

HAMILTON, Bermuda – September 1, 2009 – Everest Re Group, Ltd. (NYSE: RE) announced today that Thomas J. Gallagher, Vice Chairman and Chief Underwriting Officer, has advised the Company of his decision to retire, effective October 9, 2009.

Prior to being named Vice-Chairman and Chief Underwriting Officer in 2008, Mr. Gallagher served as President and Chief Operating Officer of Everest Re Group Ltd. since 1997. During his many years of service, Mr. Gallagher’s leadership and dedication to the organization and its people have helped lead Everest to its current position of strength and profitability.

Mr. Gallagher stated, “I feel fortunate to have had the opportunity to help build the Company into the well balanced, diversified industry leader it is today. Everest and the entire management team are well-positioned for the future.”

Commenting on Mr. Gallagher’s decision, Chairman and Chief Executive Officer, Joseph V. Taranto stated, “Tom’s many years of guidance have positioned Everest as a global reinsurance leader with operations worldwide. All of us at Everest want to thank him for his remarkable and long-standing commitment to the Company and wish him the best in his well-deserved retirement.”

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.,

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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. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestre.com.

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