Mike Mulray Elected Chairman of the WCIRB Governing Committee

Everest Insurance^® is pleased to announce that Mike Mulray,
Chief Underwriting Officer, has been unanimously approved as Chairman of
the Workers' Compensation Insurance Rating Bureau of California (WCIRB)
Governing Committee.

Mike serves on the Governing Committee representing member company
Everest National Insurance Company.

The WCIRB is a private, nonprofit association comprised of all companies
licensed to transact workers' compensation insurance in California and
has over 400 member companies. It is licensed by the Insurance
Commissioner as an insurance rating organization and is the
Commissioner’s designated statistical agent.

Commenting on the new role, Mike stated, “After serving as a member of
the Governing Committee for the past two years, I look forward to
working closely with WCIRB CEO Bill Mudge, his leadership team, and the
entire committee as we continue to pursue the mission of this great
organization.”

He added, “The California Workers’ Compensation market plays a crucial
role not only in the local economy, but in the global economy. The need
for a consistent and stable market is critical to local employers,
employees, insurers and other stakeholders. The objective insights
provided by the WCIRB help maintain this stability.”

About Everest Re Group, Ltd.

Everest Re Group, Ltd. (“Everest”) is a leading global provider of
reinsurance and insurance, operating for more than 40 years through
subsidiaries in the U.S., Europe, Bermuda and other territories.

Everest offers property, casualty, and specialty products through its
various operating affiliates located in key markets around the world.

Everest common stock (NYSE:RE) is a component of the S&P 500 index.

Additional information about Everest, our people, and our products
can be found on our website at www.everestre.com

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