Fitch Rates Everest Re an A-

Fitch, the international rating agency, has assigned an 'A-' senior debt and long-term issuer rating to Everest Reinsurance Holdings, Inc. (Everest Holdings). The Rating Outlook is Stable. The rating is based upon Everest Holding's operating subsidiaries consistent performance, and good market position since its spin-off from Prudential Insurance Company in 1995. The company has demonstrated good underwriting results, adequate capitalization and good balance sheet quality since the spin-off. Everest Holdings is a wholly owned subsidiary of Everest Re Group, Ltd. (Everest Group), a Bermud...