September 10, 2008

EVEREST RE: Mulls $174M Total Cost Annuities Replacement in 2Q08

COMPANIES: AM Best Co | AM Best Co Inc | Everest Re Group Ltd | Prudential Insurance
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Everest Re Group, Ltd. estimates that at June 30, 2008, the total cost to replace all annuities for which it was contingently liable in its business arrangement with The Prudential Insurance Company of America was US$174 million.

In 1993 and prior,…

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