1095073--3/2/2009--EVEREST_RE_GROUP

related topics

{loss, insurance, financial}

{tax, income, asset}

{regulation, change, law}

{loan, real, estate}

{stock, price, operating}

{provision, law, control}

{capital, credit, financial}

{debt, indebtedness, cash}

{product, candidate, development}

{personnel, key, retain}

{competitive, industry, competition}

{operation, natural, condition}

{interest, director, officer}

{cost, regulation, environmental}

Deterioration in the public debt and equity markets could lead to additional investment losses. Our results could be adversely affected by catastrophic events. Our losses from future catastrophic events could exceed our projections. If our loss reserves are inadequate to meet our actual losses, net income would be reduced or we could incur a loss. The failure to accurately assess underwriting risk and establish adequate premium rates could reduce our net income or result in a net loss. Decreases in pricing for property and casualty reinsurance and insurance could reduce our net income. If rating agencies downgrade the ratings of our insurance subsidiaries, future prospects for growth and profitability could be significantly and adversely affected. The failure of our insureds, intermediaries and reinsurers to satisfy their obligations to us could reduce our net income. If we are unable or choose not to purchase reinsurance and transfer risk to reinsurers, our net income could be reduced or we could incur a net loss in the event of unusual loss experience. Our industry is highly competitive and we may not be able to compete successfully in the future. We are dependent on our key personnel. Our investment values and investment income could decline because they are exposed to interest rate, credit, and market risks. We may experience foreign currency exchange losses that reduce our net income and capital levels. Insurance laws and regulations restrict our ability to operate and any failure to comply with those laws and regulations could have a material adverse effect on our business. Regulatory challenges in the United States could adversely affect the ability of Everest Bermuda to conduct business. Everest Bermuda may need to be licensed or admitted in additional jurisdictions to develop its business. Everest Bermuda s ability to write reinsurance may be severely limited if it is unable to arrange for security to back its reinsurance. Because of our holding company structure, our ability to pay dividends, interest and principal is dependent on our receipt of dividends, loan payments and other funds from our subsidiaries. Provisions in Group s bye-laws could have an anti-takeover effect, which could diminish the value of its common shares. Applicable insurance laws may also have an anti-takeover effect. Investors in Group may have more difficulty in protecting their interests than investors in a U.S. corporation. If U.S. tax law changes, our net income may be reduced. Group and/or Bermuda Re may be subject to U.S. corporate income tax, which would reduce our net income. Group and/or Bermuda Re may become subject to Bermuda tax, which would reduce our net income. Our net income will be reduced if U.S. excise and withholding taxes are increased.

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1095073--3/2/2009--EVEREST_RE_GROUP_LTD