(Exact name of registrant as specified in its charter)
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Bermuda
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98-0365432
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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(Address of Principal Executive Offices)(Zip Code)
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(Full title of the plan)
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(Name and address of agent for service)
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(Telephone number, including area code, of agent for service)
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Large accelerated filer
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X
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Accelerated filer
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Non-accelerated filer
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Smaller reporting company
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Emerging growth company
_______
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Title of securities to be
Registered
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Amount to
be
registered
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Proposed
maximum
offering price per
share(1)
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Proposed
maximum
aggregate offering
price(1)
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Amount of
registration
fee
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||||||||||||
Common Shares, $.01 par value
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1,400,000
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$
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196.34
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$
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274,876,000.00
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$
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35,678.90
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(a)
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The Registrant’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2019, filed pursuant to Section 13(a) of the Securities and Exchange Act of 1934 (the “Exchange Act”);
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(b)
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(c)
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(d)
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The description of the Registrant’s common shares, par value $.01 per share, contained in the Registrant’s
Registration Statement on Form 8-A filed with the Commission on March 8, 2000 under the Exchange Act, as also described in Exhibit 4.1 of
Registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020.
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Exhibit
Number
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Exhibit Description
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4.1
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Everest Re Group, Ltd. 2020 Stock Incentive Plan, included as Exhibit
10.1 to the Registrant’s Current Report on Form 8-K filed May 15, 2020.
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5.1
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Opinion of Sanjoy Mukherjee, Executive Vice President, General Counsel and Secretary of Registrant, for Proposed Offering Pursuant to the Everest Re Group, Ltd. 2020 Stock
Incentive Plan.
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23.1
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Consent of Sanjoy Mukherjee, Executive Vice President, General Counsel and Secretary of Registrant (included in Exhibit 5.1).
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23.2
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Consent of PricewaterhouseCoopers LLP.
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24.1
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Powers of Attorney (included on the signature pages hereto).
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EVEREST RE GROUP, LTD.
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By: /S/ CRAIG HOWIE
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Craig Howie
Its: Executive Vice President and Chief
Financial Officer
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Signature
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Title
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Date
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||||||
/S/ JUAN C. ANDRADE
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President and Chief Executive Officer
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June 5, 2020
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||||||
Juan C. Andrade
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(Principal Executive Officer)
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/S/ CRAIG HOWIE
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Executive Vice President and Chief Financial Officer
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June 5, 2020
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||||||
Craig Howie
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||||||||
/S/ KEITH T. SHOEMAKER
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Comptroller (Principal Accounting Officer)
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June 5, 2020
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||||||
Keith T. Shoemaker
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||||||||
/S/ JOSEPH V. TARANTO
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Chairman
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June 5, 2020
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||||||
Joseph V. Taranto
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||||||||
/S/ JOHN J. AMORE
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Director
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June 5, 2020
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||||||
John J. Amore
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||||||||
/S/ WILLIAM F. GALTNEY, JR.
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Director
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June 5, 2020
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||||||
William F. Galtney, Jr.
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||||||||
/S/ JOHN A. GRAF
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Director
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June 5, 2020
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||||||
John A. Graf
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||||||||
/S/ MERYL HARTZBAND
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Director
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June 5, 2020
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||||||
Meryl Hartzband
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||||||||
/S/ GERALDINE LOSQUADRO
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Director
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June 5, 2020
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||||||
Geraldine Losquadro
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||||||||
/S/ ROGER M. SINGER
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Director
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June 5, 2020
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||||||
Roger M. Singer
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||||||||
/S/ JOHN A. WEBER
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Director
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June 5, 2020
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||||||
John A. Weber
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Re:
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Proposed Offering of up to 1,400,000 shares of Common Shares
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Pursuant to the Everest Re Group, Ltd. 2020 Stock Incentive Plan
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a)
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the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether or not
certified) of all documents examined by me and the authenticity and completeness of the originals from which copies were taken;
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b)
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the accuracy and completeness of all factual representations made in the Registration Statement and other documents
reviewed by me;
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c)
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that the resolutions contained in the Minutes remain in full force and effect and have not been rescinded or amended;
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d)
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that there are no agreements or understandings between or among the Company and any participants in the Plan that would
expand, modify or otherwise affect the terms of the Plan or the respective rights or obligations of the participants thereunder;
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e)
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that, upon the issue of the Shares, the Company will receive consideration for the full issue price thereof which shall be equal to at
least the par value thereof;
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f)
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that there is no provision of the law of any jurisdiction, other than Bermuda and the federal laws of the United States
of America, which would have any implication in relation to the opinions expressed herein; and
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g)
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that the issue and transfer of the Shares will comply at all times with the permissions obtained from the BMA.
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Based upon the foregoing, I am of the opinion that:
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1.
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The Company is duly incorporated and existing as an exempted company under the laws of Bermuda in good standing (meaning solely that it
has not failed to make any filing with any Bermuda governmental authority or to pay any Bermuda government fee or tax which would make it liable to be struck off the Register of Companies and thereby cease to exist under the laws of
Bermuda).
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2.
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Upon the issuance and delivery of the Shares in accordance with the terms of the Plan and the registration of such Shares in the company’s
register of members and when the Registration Statement has become effective under the Securities Act, such Shares will be validly issued, fully paid and non-assessable.
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