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Stamford, CT – February 12, 2003 – Lynda Clemmons, President and Chief Operating Officer of XL Weather & Energy Inc., an XL Capital Group company and provider of weather and energy risk management products, has been named as one of the “50 Key Women in Energy” worldwide for 2002 by Rader Energy and Commodities Now magazine.Clemmons was selected as a “Visionary” for “having the foresight and courage to initiate and carry out change” in her work helping to pioneer and spearhead the development of the weather risk management industry.“This is a great honor and I look forward to continuing to help build and promote the weather risk industry around the world,” said Clemmons, who also serves as President of the Weather Risk Management Association, the industry’s international trade group.The awards, sponsored by Jacobs Consultancy and Entergy-Koch, LP, were presented at a ceremony February 11 in Essen, Germany. Fifty women working in the energy industry around the world were selected.About XL Weather & EnergyXL Weather & Energy is a provider of innovative risk management products that allow businesses to mitigate their non-catastrophic weather and contingent energy risk. For more information, call (203) 356-3580 or visit www.xlwe.com.XL Weather & Energy is a subsidiary of XL Capital Ltd (NYSE: XL), which, through its 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 December 31, 2002, XL had consolidated assets of approximately $35.6 billion and consolidated shareholders' equity of approximately $6.6 billion. More information about XL is available at www.xlgroup.com.This press release contains forward-looking statements which involve inherent risks and uncertainties. Statements that are not historical facts, including statements about XL’s beliefs, plans or expectations, are forward-looking statements. These statements are based on current plans, estimates and expectations. Actual results may differ materially from those projected in such forward-looking statements and therefore you should not place undue reliance on them. A non-exclusive list of other important factors that could cause actual results to differ materially from those in such forward-looking statements is set forth in XL’s most recent annual report on Form 10-K, quarterly report on Form 10-Q and XL’s other documents on file with the Securities and Exchange Commission. XL undertakes no obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future developments or otherwise.