XL Capital Ltd Appoints Frederick R. Loeloff as Senior Vice President of Ratings and Finance Development

HAMILTON, BERMUDA - January 22, 2007

Hamilton, Bermuda - January 22, 2007 - XL Capital Ltd (NYSE: XL) ("XL" or the "Company") today announced that Mr. Frederick R. Loeloff has been appointed as Senior Vice President of Ratings and Finance Development. He will report to Global Treasurer Michael E. Mathisen.Mr. Loeloff will be XL's primary contact with all ratings agencies and will manage all ratings agency relationships, strategies, models and initiatives. In addition, he will also coordinate financial support analyses and advisory services to XL's Corporate Development team.Mr. Loeloff joined XL Global Services Inc. in July 2003. At that time, he managed XL's Capital Management Program. He was later promoted to the role of Deputy Chief Controls Officer, overseeing the enhancement of internal controls across the Company's global operations and meeting annual and quarterly Sarbanes-Oxley regulatory compliance requirements. Prior to joining XL, Mr. Loeloff served as a Director in Standard & Poor's Insurance Ratings and has 20 years of insurance industry experience. Mr. Loeloff holds a BA in Accounting from Fairleigh Dickenson University.Commenting on Mr. Loeloff's appointment, Mr. Mathisen said: "I am pleased that Fred has agreed to take on this role, which I believe is a natural fit for him given his professional experience. I have had the pleasure of working with Fred in his previous roles at XL, and I look forward to relying on his expertise and advice in his new role."XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. As of September 30, 2006, XL Capital Group Ltd had consolidated assets of approximately $59.8 billion and consolidated shareholders' equity of $9.5 billion. More information about XL Capital Ltd is available at www.xlgroup.com.