Reinsurance
Product Family

HAMILTON, BERMUDA - January 26, 2007 - XL Capital Ltd ("XL" or the "Company") (NYSE: XL) announced today that its Board of Directors declared a quarterly dividend on January 26, 2007, of $0.38 per Ordinary Share payable on the Company's Ordinary Shares. The dividend will be payable on March 30, 2007, to Ordinary Shareholders of record on March 15, 2007.The Board of Directors also resolved on January 26, 2007, to pay a dividend of $0.50 per share on April 2, 2007, to all Series A Preference Ordinary Shareholders of record on March 30, 2007. The aggregate amount of the dividends payable on the Series A Preference Ordinary Shares is $4,600,000.00.The Board of Directors further resolved on January 26, 2007, to pay a dividend of $0.4765625 on April 2, 2007, to all Series B Preference Ordinary Shareholders of record on March 30, 2007. The aggregate amount of the dividends payable on the Series B Preference Ordinary Shares is $5,480,468.75.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.