Trust Agreements

6 Months Ended

Jun. 30, 2011

Trust Agreements

Trust Agreements

9.  TRUST AGREEMENTS

A subsidiary of the Company, Everest Re, has established a trust agreement, which effectively uses Everest Re's investments as collateral, as security for assumed losses payable to a non-affiliated ceding company.  At June 30, 2011, the total amount on deposit in the trust account was $14,268 thousand.