Exhibit 10.30



                    AMENDMENT OF CHANGE OF CONTROL AGREEMENT


       WHEREAS, Everest Reinsurance Company (the "Company"), Everest Reinsurance
Holdings, Inc. ("Holdings") and Joseph V. Taranto  ("Taranto") are  parties to a
Change  of  Control  Agreement  effective  as  of July 15, 1998  (the "Change of
Control Agreement");

       WHEREAS,  a  restructuring  of  Holdings  is  proposed  pursuant to which
Holdings  will  become  a  wholly-owned  subsidiary  of  Everest  Re Group, Ltd.
("Everest Group");

       WHEREAS, in  connection with the restructuring, certain amendments to the
Change of Control Agreement are desirable;

       NOW,  THEREFORE,  the  Change  of Control  Agreement  is hereby  amended,
effective  as of and  conditioned  upon the  consummation  of the  restructuring
transaction  described  in the  Registration  Statement on Form S-4 (File Number
333-87361)  filed with the Securities  Exchange  Commission by Everest Group, by
adding the  following  new  paragraph  1.J to the  Change of  Control  Agreement
immediately after paragraph 1.I thereof:

       "1.J. For periods  on  and after the effective date of the  restructuring
transaction  described  in the  Registration  Statement on Form S-4 (File Number
333-87361)  filed with the Securities  Exchange  Commission by Everest Re Group,
Ltd.  (`Everest  Group')  pursuant to which Holdings shall become a wholly-owned
subsidiary  of  Everest  Group (the  `Restructuring'),  Everest  Group  shall be
substituted  for Holdings  hereunder and all  references  to Holdings  hereunder
shall be changed to references to Everest Group. In addition, in the event that,
pursuant  to the terms of  Taranto's  employment  agreement  among the  Company,
Holdings  and  Everest  Group  effective  as of January  1, 2000,  as amended in
connection  with the  Restructuring  (the  `Employment  Agreement'),  Taranto is
transferred  to employment  with Everest  Services (as defined in the Employment
Agreement),  all  references  herein to the Company (other than in paragraph 1.C
hereof)  shall be changed to  references  to Everest  Services and Everest Group
will  cause  Everest  Services  to become a party to this  Agreement;  PROVIDED,
HOWEVER,  that (i) Taranto's  transfer of employment from the Company to Everest
Services  shall not be treated as a termination  of  employment  for purposes of
this  Agreement,  and (ii) to the extent that Everest  Services  fails,  for any
reason, to meet its financial  obligations  hereunder,  the Everest  Reinsurance
Company shall have full responsibility and liability for all such obligations."

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       IN  WITNESS  WHEREOF,  the parties  have executed  this  amendment to the
Employment Agreement on the 15th day of February, 2000.

                                Everest Reinsurance Company

                                By:     /S/ Janet J. Burak
                                        -------------------------
                                        Janet J. Burak
                                        Senior Vice President

                                Everest Reinsurance Holdings, Inc.

                                By:     /S/ Janet J. Burak
                                        -------------------------
                                        Janet J. Burak
                                        Senior Vice President

                                Everest Re Group, Ltd.

                                By: :   /S/ Janet J. Burak
                                        -------------------------
                                        Janet J. Burak
                                        Deputy Chairman

                                        /S/ Joseph V. Taranto
                                        -------------------------
                                        Joseph V. Taranto