Summary of EVEREST RE GROUP LTD

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

On September 25, 2009, the registrant executed an Amendment to the Employment Agreement with Joseph V. Taranto, effective September 25, 2009.

The material terms of the Amendment of Employment Agreement are as follows:

Term:                  To December 31, 2010

Cash Payment:      $2,500,000 upon execution of Amendment of Employment Agreement
                   as consideration for extending his employment with and
                   continuing to provide services

A copy of the Amendment of Employment Agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

The remaining terms of Mr. Taranto's employment agreement, which are summarized in the registrant's proxy statement dated April 9, 2009, continue in effect.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

               Exhibit No.      Description



               10.1          Amendment of Employment Agreement with
                              Joseph V. Taranto