EVEREST RE GROUP, LTD.

Wessex House, 45 Reid Street, Hamilton HM DX, Bermuda

Contact: Elizabeth B. Farrell Vice President, Investor Relations Everest Global Services, Inc. 908.604.3169

Everest Re Group Announces Second Quarter Earnings Release Date

Hamilton, Bermuda - July 2, 2007 -- Everest Re Group, Ltd. (NYSE: RE) will release its Second Quarter 2007 earnings after the close of trading on the NYSE on July 23, 2007.

A conference call discussing the results will be held at 8:30 a.m. Eastern Time on July 24, 2007. The call will be available on the Internet at the Company's website, www.everestre.com or at www.streetevents.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. provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers and through its branch in the United Kingdom, property and casualty reinsurance to the United Kingdom and European markets. 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.