UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
January 18, 2016


Everest Re Group, Ltd.

(Exact name of registrant as specified in its charter)

Bermuda
1-15731
98-0365432
   
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
     
Seon Place– 4th Floor
141 Front Street
PO Box HM 845
Hamilton HM 19, Bermuda
Not Applicable
   
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code 441-295-0006


Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



ITEM 5.02
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS, ELECTION OF DIRECTORS, APPOINTMENT OF PRINCIPAL OFFICERS

On January 18, 2016, the registrant announced the retirement of Mark de Saram, Managing Director and Chief Executive Officer of Everest Reinsurance (Bermuda), Ltd., effective April 6, 2016.

Mr. Sanjoy Mukherjee will succeed Mr. de Saram as Managing Director and Chief Executive Officer of Everest Reinsurance (Bermuda), Ltd., subject to Bermuda's Immigration Department approval.

Mr. Andrew Carrier will succeed Mr. de Saram in assuming full management responsibilities for the Company's London, Continental European and Asia-Pacific operations.

A copy of the news release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.


 

ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS

(c)
 
Exhibits
 
       
   
Exhibit No.
Description
   
99.1
News Release of the registrant
     
Dated January 18, 2016
       




 
SIGNATURES

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 HOWIE
 
 
 
Craig Howie
 
 
 
Executive Vice President and
 
 
 
    Chief Financial Officer
 
 
 
 


 
 

Dated:  January 19, 2016

 
 
 
 

EXHIBIT INDEX



Exhibit
     
Number
 
Description of Document
Page No.
       
99.1
 
News Release of the registrant,
 
   
dated January 18, 2016
5



 


 
 
 
 
NEWS RELEASE
 
                                     

EVEREST RE GROUP, LTD.
Seon Place, 141 Front Street, 4th Floor, Hamilton HM DX, Bermuda


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

For Immediate Release

Everest Announces Senior Leadership Changes
At its Bermuda and European Operations
 
HAMILTON, Bermuda – January 18, 2016 -- Everest Re Group, Ltd. (NYSE: RE) announced today that Mark de Saram, Managing Director and Chief Executive Officer of Everest Reinsurance (Bermuda), Ltd., has notified the Company of his decision to retire effective April 6,  2016.

Mr. de Saram joined Everest in 1995 as Vice President of its United Kingdom and European operations and in 2004 was appointed Chief Executive Officer of Everest Re (Bermuda), Ltd. Mr. de Saram also serves as director and Deputy Chairman of Everest Re (Bermuda), Ltd. and Everest International Reinsurance, Ltd. In addition, he is Chairman of the Board of Everest Re (Ireland) Limited and a director on the Board of Everest Underwriting Group (Ireland) Limited.

Mr. Dominic J. Addesso, President and Chief Executive Officer, said, "Mark's strong leadership, wide market knowledge, and underwriting talent have contributed, over many years, to the success we have had in building out Everest's global position. During his tenure, Mark, amongst other things, was instrumental in establishing both our Bermuda and Ireland operations and also assisted with our recent entry into Lloyd's. With more than 20 years at Everest, his guidance and counsel will be greatly missed, although I am delighted that he has agreed to remain as a non-executive director on the Boards of several of our operating companies."

Mr. Sanjoy Mukherjee will succeed Mr. de Saram as Managing Director and Chief Executive Officer of Everest Reinsurance (Bermuda), Ltd., subject to Bermuda's Immigration Department approval.  Mr. Mukherjee, currently Executive Vice President, Secretary, and
 
1

 
General Counsel for the Company, will continue in his current role while assuming these additional responsibilities.

Mr. Andrew Carrier, General Manager of European Operations, will succeed Mr. de Saram in assuming full management responsibility for the Company's London, Continental European and Asia-Pacific reinsurance operations.

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. Everest Reinsurance Company (Ireland), Limited provides reinsurance to non-life insurers in Europe. Mt. Logan Re, a segregated cell company, capitalized by the Company and third party investors, is a specialty reinsurer of catastrophe risks. 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. Everest Insurance Company of Canada provides property and casualty insurance to policyholders in Canada. Additional information on Everest Re Group companies can be found at the Group's web site at www.everestregroup.com.
 
 
 
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