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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BCI4ruyXl5ilmQxF+E69swKqirJooRoVzdNVICbVykAgpURXI415a2OLbQGxG1fy
 RK5Wzj+AR0qnpA+6tjt04g==

<SEC-DOCUMENT>0001139501-08-000009.txt : 20080401
<SEC-HEADER>0001139501-08-000009.hdr.sgml : 20080401
<ACCEPTANCE-DATETIME>20080401145404
ACCESSION NUMBER:		0001139501-08-000009
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080401
FILED AS OF DATE:		20080401
DATE AS OF CHANGE:		20080401

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EVEREST RE GROUP LTD
		CENTRAL INDEX KEY:			0001095073
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				980365432
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		WESSEX HOUSE - 2ND FLOOR
		STREET 2:		45 REID STREET PO BOX HM 845
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM DX
		BUSINESS PHONE:		4412950006

	MAIL ADDRESS:	
		STREET 1:		C/O REINSURANCE HOLDINGS INC
		STREET 2:		477 MARTINSVILLE RD PO BOX 830
		CITY:			LIBERTY CORNER
		STATE:			NJ
		ZIP:			07938

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EVEREST REINSURANCE GROUP LTD
		DATE OF NAME CHANGE:	19990915

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GALTNEY WILLIAM F JR
		CENTRAL INDEX KEY:			0001139501

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15731
		FILM NUMBER:		08728934

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		4412955688

	MAIL ADDRESS:	
		STREET 1:		THE GALTNEY GROUP, INC.
		STREET 2:		820 GESSNER, SUITE 1000
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024-4259
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>galtney_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-04-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001095073</issuerCik>
        <issuerName>EVEREST RE GROUP LTD</issuerName>
        <issuerTradingSymbol>RE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001139501</rptOwnerCik>
            <rptOwnerName>GALTNEY WILLIAM F JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>THE GALTNEY GROUP, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>820 GESSNER, SUITE 1000</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77024-4259</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2008-04-01</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-04-01</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>210</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>88.975</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7666</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares paid as compensation under the 2003 Non-Employee Director Equity Compensation Plan to non-employee director in a
 transaction completed under Rule 16b-3.  The reporting person elected to receive his quarterly retainer fee in the form of
 common shares having a fair market value equal to the retainer fee that would otherwise be paid in cash.</footnote>
        <footnote id="F2">In addition, the reporting person indirectly owns 69,000 Common Shares through Galtney Family Investors, Ltd.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Sanjoy Mukherjee (Attorney-in-Fact)</signatureName>
        <signatureDate>2008-04-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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