Everest Re : Announces Senior Management Transition

LIBERTY CORNER, NEW JERSEY -- April 27, 2020 -- Everest Re Group, Ltd. ('Everest') announced today that Jonathan Zaffino, President & CEO of the Everest Insurance^® Division, has resigned to pursue another opportunity. He will remain on garden leave until mid-June.

Juan C. Andrade, Everest President and Chief Executive Officer commented:

'Since joining Everest just over five years ago, Jon and the Insurance leadership team have built Everest Insurance^® into a world-class specialty insurer. I appreciate Jon's contributions to date and wish him well in his future endeavors.

At Everest, we have a deep bench, a talented insurance leadership team, and a strong and diversified platform. We remain focused on delivering superior insurance products and solutions to our broker partners and clients. Our strategy, our mission, our focus, our objectives and our culture all remain unchanged. We will continue to execute and outperform. Effective today, the Everest Insurance^® senior leadership team will be reporting directly to me. I have great confidence in their abilities and look forward to continuing on our journey of success.'

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.

Everest Insurance^® markets property, casualty, specialty and other lines of admitted and non-admitted direct insurance on behalf of Everest Re Group, Ltd., and its affiliated companies. Additional information about Everest, our people, and our products can be found on our website at www.everestre.com. All issuing companies may not do business in all jurisdictions.