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Everest Re Group Ltd | 6.20% Trust Preferred Securities (RE.PRB)

Prospectus exerpt:  Each of the 6.20% Trust Preferred Securities, referred to in this prospectus supplement as preferred securities, represents an undivided beneficial ownership interest in the assets of Everest Re Capital Trust II. Everest Re Capital Trust II will redeem all of the outstanding preferred securities on March 29, 2034. In addition, Everest Reinsurance Holdings, Inc. may cause Everest Re Capital Trust II to redeem the preferred securities on or after March 30, 2009. Everest Reinsurance Holdings, Inc. will be the owner of all of the undivided beneficial ownership interests represented by common securities of Everest Re Capital Trust II.

Full Prospectus PDF », RE Page »

Redeemable?:Yes
Call Date:3/30/2009 (Now Trading Post Call Date)
Maturity Date:3/29/2034
Cumulative?:Yes
Shares Offered:11,200,000
Overallotment:1,600,000
Liquidation Preference:$25
Original Coupon:6.200%
Pay Period:Quarterly
Pay Dates:30-Mar, 30-Jun, 30-Sep, 30-Dec
Everest Re Group is a holding company. Through its subsidiaries, Co. provides reinsurance and insurance in the U.S., Bermuda and international markets. Co.'s segments are: U.S. Reinsurance, which writes property and casualty reinsurance and specialty lines of business, including Marine, Aviation, Surety and Accident and Health business, on both a treaty and facultative basis; International, which focuses on the international reinsurance markets; Bermuda, which writes property and casualty reinsurance; Insurance, which writes property and casualty insurance; and Mt. Logan Re, which represents business written for the segregated accounts of Co.'s subsidiary, Mt. Logan Re Ltd.

Preferred: RE.PRB


Open the RE Information Page »
Name:  Everest Re Group Ltd
Website:  www.everestre.com
Sector:  Insurance Brokers
Number of ETFs Holding RE:  63 (see which ones)
Total Market Value Held by ETFs:  $393,619,060
Total Market Capitalization:  $7,510,000,000
% of Market Cap. Held by ETFs:  5.24%

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