Article: Everest Re Group Announces Contract Termination and Comments on 2004 Guidance.

ST. MICHAEL, Barbados -- Everest Re Group, Ltd. (NYSE: RE) reported, as a follow-up to its press release of June 16, 2004, that it has now received notice of termination with respect to its contract with American All Risk Insurance Services, Inc. (AARIS), an insurance agency that produces the majority of Everest Re Group's California workers' compensation business. As required under the terms of the contract, AARIS will continue to produce business exclusively for the Company for 120 days, through October 15, 2004. The business produced under this relationship will continue in force until each policy's next expiration date or cancellation.

The Company had been ...

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