EVEREST REINSURANCE HOLDINGS, INC.

EXHIBIT 23.2

CONSENT OF INDEPENDENT ACCOUNTANTS


We consent to the  incorporation by reference in the registration  statements of
Everest Reinsurance  Holding,  Inc. on Forms S-8 (File No. 333-9172 and File No.
333-05771)  of  our  report  dated  February  13,  1997,  on  our  audit  of the
consolidated  financial  statements and financial statement schedules of Everest
Reinsurance  Holdings,  Inc. as of December 31, 1996 and for the year then ended
which report is included in this Annual Report on Form 10-K.


COOPERS & LYBRAND L.L.P.

New York, New York
February 13, 1997