Phelan Appointed To Everest Board Of Directors

May 20, 2011

Bermuda-based Everest Re Group, Ltd. announced the appointment of John P. Phelan to its Board of Directors, effective May 18, 2011.

John P. Phelan formerly served as Chairman, President and Chief Executive Officer of Munich Re America Corporation and Munich Reinsurance America, Inc. and served as a member of Munich Reinsurance Company’s Board of Management until his retirement in 2007. Prior to assuming these positions in 2002, Mr. Phelan was President of Munich Reinsurance Company of Canada for 16 years. Having joined Munich Re in 1973, Mr. Phelan held various senior executive positions both in Canada and the United States.

Mr. Phelan was a member of the Board of Trustees of the AICPCU, and has served on the Executive Committee and Board of Directors of the Reinsurance Association of America (RAA), as well as the Education Committee and Board of Directors of St. John’s University, School of Risk Management. Throughout his career, Mr. Phelan has served on numerous industry related committees and councils in both the United States and Canada.

Mr. Joseph V. Taranto, Chairman and Chief Executive Officer, said “I am pleased to welcome John to the Everest Board of Directors. He is an admired leader with a significant wealth of industry experience. His counsel will be invaluable, particularly as we navigate through today’s market challenges. Everest has an outstanding Board and John is certainly a wonderful addition.”

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