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Hamilton, Bermuda (February 5, 2003) - XL Capital Ltd (NYSE: XL) announced today that Mr. Brian O'Hara, President and Chief Executive Officer of XL Capital Group Ltd, is scheduled to participate in the Merrill Lynch Global Insurance Investor Conference in New York on February 13, 2003 at 2:55 p.m. (EST).A live webcast of Mr. O'Hara's presentation from 2:55 p.m. to 3:30 p.m. EST may be accessed by logging into http://www.twst.com/econf/mm/merrill9/xl.html. A replay of the presentation (and accompanying slides) will be archived on the Investor Information section of www.xlgroup.com following the live broadcast of his presentation and archived for approximately 14 days following the presentation.XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products to industrial, commercial, and professional service firms, insurance companies, and other enterprises on a worldwide basis. As of September 30, 2002, XL Capital Ltd had consolidated assets of approximately $34.1 billion and consolidated shareholders' equity of approximately $5.9 billion. More information about XL is available at www.xlgroup.com.