XL Capital Ltd Declares Quarterly Dividend of $0.38 Per Ordinary Share

HAMILTON, BERMUDA - January 25, 2008

HAMILTON, BERMUDA – January 25, 2008 – XL Capital Ltd (“XL” or the “Company”) (NYSE: XL) announced today that its Board of Directors declared a quarterly dividend on January 25, 2008, of $0.38 per Ordinary Share payable on the Company’s Ordinary Shares. The dividend will be payable on March 31, 2008, to Ordinary Shareholders of record as of March 14, 2008.XL Capital Ltd, through its operating subsidiaries, is a leading provider of global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.