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Everest Group Ltd | 6.20% Trust Preferred Securities (RE.PRB)
Prospectus excerpt: 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 », Secondary Prospectus PDF », RE Page »
| Alternate symbology: | RE-B, RE-PB, REprB | | 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: | $25.00 | | Original Coupon: | 6.20% | | Pay Period: | Quarterly | | Pay Dates: | 30-Mar, 30-Jun, 30-Sep, 30-Dec | | CDx3 Compliance Rating: |
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Everest Re Group is a holding company. Through its subsidiaries, Co.'s principal business is the underwriting of reinsurance and insurance in the U.S., Bermuda and international markets. Co. underwrites reinsurance both through brokers and directly with ceding companies. Co. underwrites insurance principally through brokers, surplus lines brokers and general agent relationships. Co. operates in the following segments: Reinsurance, which is written within U.S. Reinsurance market, International Reinsurance market, and Bermuda Reinsurance market; and Insurance, which writes property and casualty insurance through general agents, wholesale and retail brokers and surplus lines brokers. Preferred: RE.PRB
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