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Exhibit 25.5
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           |__|
THE BANK OF NEW YORK MELLON
(Exact name of trustee as specified in its charter)
New York
(Jurisdiction of incorporation
if not a U.S. national bank)		13-5160382
(I.R.S. employer
identification no.)
240 Greenwich Street, New York, N.Y.
(Address of principal executive offices)		10286
(Zip code)
EVEREST RE CAPITAL TRUST III
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
83-6054672
(I.R.S. employer
identification no.)
c/o Everest Reinsurance Holdings, Inc.
100 Everest Way
Warren, New Jersey
(Address of principal executive offices)		07059
(Zip code)
Preferred Securities
(Title of the indenture securities)
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1.    General information. Furnish the following information as to the Trustee:
(a)    Name and address of each examining or supervising authority to which it is subject.
Name
Address
Superintendent of the Department of Financial Services of the State of New York
One State Street, New York, N.Y. 10004-1417, and Albany, N.Y. 12223
Federal Reserve Bank of New York
33 Liberty Street, New York, N.Y. 10045
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, D.C. 20429
The Clearing House Association L.L.C.
100 Broad Street
New York, N.Y. 10004
(b)    Whether it is authorized to exercise corporate trust powers.
Yes.
2.    Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
16.    List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act").
1.    A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1
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to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).
4.    A copy of the existing By-laws of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-261533).
6.    The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-229519).
7.    A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, and State of New York, on the 12th day of September, 2024.
THE BANK OF NEW YORK MELLON
By:
/s/
Francine Kincaid
Name:
Francine Kincaid
Title:
Vice President
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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
of 240 Greenwich Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business June 30, 2024, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
ASSETS
Dollar amounts in thousands
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and
coin
4,447,000 
Interest-bearing balances
124,648,000 
Securities:
Held-to-maturity securities
46,429,000 
Available-for-sale debt securities
90,238,000 
Equity securities with readily determinable fair values not held for trading
0 
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold in domestic offices
0 
Securities purchased under agreements to resell
14,252,000 
Loans and lease financing receivables:
Loans and leases held for sale
0 
Loans and leases held for investment
36,567,000 
LESS: Allowance for credit losses on
loans and leases
266,000 
Loans and leases held for investment, net of allowance
36,301,000 
Trading assets
5,138,000 
Premises and fixed assets (including right-of-use
assets)
2,859,000 
Other real estate owned
0 
Investments in unconsolidated subsidiaries and associated companies
1,426,000 
Direct and indirect investments in real estate
ventures
0 
Intangible assets
6,894,000 
Other assets
19,174,000 
Total assets
351,806,000 
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LIABILITIES
Deposits:
In domestic offices
202,091,000 
Noninterest-bearing
56,250,000 
Interest-bearing
145,841,000 
In foreign offices, Edge and Agreement
subsidiaries, and IBFs
103,656,000 
Noninterest-bearing
4,979,000 
Interest-bearing
98,677,000 
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic
offices
0 
Securities sold under agreements to
repurchase
3,971,000 
Trading liabilities
1,864,000 
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)
3,843,000 
Not applicable
Not applicable
Subordinated notes and debentures
0 
Other liabilities
8,819,000 
Total liabilities
324,244,000 
EQUITY CAPITAL
Perpetual preferred stock and related
surplus
0 
Common stock
1,135,000 
Surplus (exclude all surplus related to preferred
stock)
12,377,000 
Retained earnings
17,418,000 
Accumulated other comprehensive income
-3,368,000 
Other equity capital components
0 
Total bank equity capital
27,562,000 
Noncontrolling (minority) interests in
consolidated subsidiaries
0 
Total equity capital
27,562,000 
Total liabilities and equity capital
351,806,000 
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I, Dermot McDonogh, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
Dermot McDonogh
Chief Financial Officer
We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.
Robin A. Vince
Jeffrey A. GoldsteinDirectors
Joseph J. Echevarria
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