This excerpt taken from the RE 8-K filed Oct 20, 2008.
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 16, 2008, the registrant entered into an Employment Agreement with Mark S. de Saram, Managing Director and CEO of the registrant’s wholly owned subsidiary Everest Reinsurance (Bermuda), Ltd. This Employment Agreement replaces the prior employment agreement entered into on October 31, 2006 between the registrant and Mr. de Saram and which expires on November 1, 2008. A copy of the Employment Agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
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/ CRAIG EISENACHER
Chief Financial Officer
Dated: October 20, 2008