Barbados-headquartered Everest Re Group Ltd has announced that the underwriters of Everest Re Capital Trust II's public offering of 6.20% trust preferred securities, which was completed on 29 March 2004, exercised the full over-allotment option included in the underwriting arrangement, raising the total amount of securities issued to $320m.
The reinsurer will release its first quarter 2004 earnings after the close of trading on the NYSE on 19 April 2004.
