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HAMILTON, BERMUDA (February 13, 2002) - XL Capital Ltd (NYSE: XL) announced today that Mr. Brian O'Hara, President and Chief Executive Officer of XL Capital Ltd, is scheduled to participate in the Merrill Lynch Insurance Investor Conference in New York on February 14, 2002 from 2:55 p.m. to 3:30 p.m.(EST).A live webcast of Mr. O'Hara's presentation from 2:55 pm. EST may be accessed by logging into http://www.on24.com/clients/merrill/conference_020212/schedule14.html. A replay of the presentation will be archived on the Investor Information section of www.xlgroup.com following the live broadcast of his presentation and archived for approximately 30 days following the presentation.XL Capital Group, 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 at December 31, 2001, XL Capital Group had consolidated assets of approximately $28.0 billion and consolidated shareholders' equity of approximately $5.4 billion. More information about XL is available at www.xlgroup.com