Everest Re Group Announces Dividend

Everest Re Group, Ltd. (NYSE: RE) announced that its Board of Directors declared a dividend of $0.11 per share payable on or before June 17, 2005 to all shareholders of record as of May 27, 2005. 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…..

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