form8ksinger022510.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Current
Report Pursuant to Section 13 OR 15(d) of
The
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported)
February
24, 2010
Everest
Re Group, Ltd.
(Exact
name of registrant as specified in its charter)
|
Bermuda
|
1-15731
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98-0365432
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
|
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of
incorporation)
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File
Number)
|
Identification
No.)
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Wessex
House – 2nd
Floor
45
Reid Street
PO
Box HM 845
Hamilton
HM DX, Bermuda
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Not
Applicable
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code 441-295-0006
Not
Applicable
(Former
name or former address, if changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
5.02 DEPARTURE
OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
PRINCIPAL OFFICERS
On
February 25, 2010, the registrant announced the appointment of Roger M. Singer
to its Board of Directors effective February 24, 2010. A copy of the
press release announcing the appointment is filed herewith as Exhibit 99.1 and
is incorporated herein by reference.
Mr.
Singer, age 63, served as served as Senior Vice President, General Counsel and
Secretary for OneBeacon Insurance Group LLC from 1989 until retiring in 2005.
Mr. Singer had also served on the Board of Directors for OneBeacon Insurance
Group and retained this position through 2006. Prior to joining OneBeacon
Insurance Group, Mr. Singer had been the Commissioner of Insurance for the
Commonwealth of Massachusetts from 1987 to 1989 and formerly the First Deputy to
the Commissioner from 1985 to 1987. He had also held various positions in
branches of the federal government including the Office of Consumer Affairs and
Business Regulation, the Consumer Protection Division and the Federal Trade
Commission.
Mr.
Singer has been named to the Audit Committee, Compensation Committee and
Nominating and Governance Committee.
In
accordance with the registrant’s 2009 Non-Employee Director Stock Option and
Restricted Stock Plan, on the date of Mr. Singer’s appointment to the Board of
Directors, he received options to purchase that number of the registrant’s
common shares equal to $50,000 divided by the fair market value of such shares
based upon the average of the high and low trading price on that date. In
addition, he received 2,000 restricted shares of the registrant in accordance
with the grant issued to non-employee directors on February 24, 2010, under the
2003 Non-Employee Director Equity Compensation Plan.
Item
9.01 FINANCIAL
STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit
No. Description
99.1 News
Release of the registrant,
dated
February 25, 2010
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
EVEREST
RE GROUP, LTD.
By: /S/ DOMINIC J. ADDESSO
Dominic
J. Addesso
Executive Vice President and
Chief
Financial Officer
Dated: February
25, 2010
EXHIBIT
INDEX
Exhibit
Number Description of
Document Page No.
99.1
News Release of the
registrant,
dated
February 25,
2010
5