EXHIBIT 23.2







                       CONSENT OF INDEPENDENT ACCOUNTANTS

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We consent to the  incorporation by reference in the registration  statements of
Everest Reinsurance Holdings,  Inc. on Forms S-8 (File No. 333-1972 and File No.
333-05771)  of  our  report  dated  February  17,  1998,  on  our  audit  of the
consolidated  financial  statements and financial statement schedules of Everest
Reinsurance  Holdings,  Inc. as of  December  31, 1997 and 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
March 16, 1998