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):  December 7, 2001

- --------------------------------------------------------------------------------

                             EVEREST RE GROUP, LTD.
- --------------------------------------------------------------------------------

               (Exact Name of Registrant as Specified in Charter)
- --------------------------------------------------------------------------------


        Bermuda                         1-15731                Not Applicable
- ----------------------------         -------------           -------------------
(State or Other Jurisdiction         (Commission              (I.R.S. Employer
    of Incorporation)                 File Number)           Identification No.)



c/o ABG Financial & Management Services, Inc.
       Parker House, Wildey Road
         St. Michael, Barbados                                    Not Applicable
- ---------------------------------------------                     --------------
  (Address of Principal Executive Offices)                          (Zip Code)


Registrant's telephone number, including area code: 246-228-7398

                                 Not Applicable
- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)




Item 5.  OTHER EVENTS

On  December  7, 2001,  the  registrant  issued a news  release  announcing  its
preliminary  estimate of loss associated with Enron Corporation.  A copy of that
news  release is filed  herewith as Exhibit 99.1 and is  incorporated  herein by
reference.



Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (c)  Exhibits
              --------

              Exhibit No.                                 Description
              -----------                                 -----------

              99.1                               News Release of the registrant,
                                                 dated December 7, 2001




                                   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 thereunto duly authorized.



                                          EVEREST RE GROUP, LTD.



                                          By:  \S\ JANET J. BURAK
                                               ---------------------------------
                                                      Janet J. Burak
                                          Senior Vice President, General Counsel
                                                       and Secretary

Dated:  December 7, 2001

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                                  EXHIBIT INDEX


Exhibit
Number                           Description of Document                Page No.
- -------                          -----------------------                --------
 99.1                      Press Release of the registrant, dated          4
                           December 7, 2001.


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