Reinsurance
Product Family

HAMILTON, BERMUDA - March 2, 2006 - XL Capital Ltd (NYSE: XL) announced today that Mr. Brian M. O'Hara, President and Chief Executive Officer of XL Capital Group Ltd, and Mr. Henry C.V. Keeling, Head of Global Business Services for XL Capital Group Ltd, are scheduled to speak at the 31st Annual Association of Insurance and Financial Analysts (AIFA) conference to be held at the Hyatt Regency Scottsdale in Scottsdale, Arizona, on March 6 and March 7, 2006.Mr. O'Hara will be participating in a panel discussion entitled "The State of the Property and Casualty Industry" on Monday, March 6, 2006 at 9:00 a.m. (MST). A live webcast of this panel discussion will be available at http://www.investorcalendar.com/CEPage.asp?ID=101899. Mr. Keeling will be speaking on the topic of Global Reinsurance on Tuesday, March 7, 2006 at 1:25 p.m. (MST). A live webcast of this presentation will be available at http://www.investorcalendar.com/CEPage.asp?ID=101934. A replay of the presentation will be available on the Investor Relations section of www.xlgroup.com following the live broadcast and will be archived there for approximately 14 days.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 December 31, 2005, XL Capital Ltd had consolidated assets of approximately $58.4 billion and consolidated shareholders' equity of approximately $8.5 billion. More information about XL Capital Ltd is available at www.xlgroup.com.