Reinsurance
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Hamilton, Bermuda (March 18, 2003) XL Capital Ltd (NYSE: XL) (“XL” or “the Company”) today announced that Joseph C. Henry has been appointed to the position of Executive Vice President and Global Controller of XL Global Services.Mr. Henry will be responsible for overseeing financial reporting and planning, accounting, budgeting and financial analysis.Mr. Henry joins XL after spending ten years at Meadowbrook Insurance Group where he was serving as Executive Vice President, Chief Operating Officer and Acting Chief Financial Officer, as well as President of Insurance Company Operations. Prior to that, he was Vice President of Finance and Administration for the Hanover Insurance Company from 1987 until 1993. Mr. Henry’s career began in 1974 as a manager for KPMG Peat Marwick. He was made Senior Manager in 1981 when he re-located to Bermuda to oversee the training and development of professional practices for Peat Marwick’s captive and reinsurance clients. In 1983, Mr. Henry became Audit Partner for Peat Marwick’s Boston-based insurance practice. He holds a B.B.A. from Bernard M. Baruch College of the City University of New York and is a CPA.XL’s Chief Financial Officer Jerry de St. Paer said: “We are very pleased to have someone of Joe’s experience take on this new role. Joe has a wealth of knowledge and insight within the insurance industry that will be very valuable to XL.”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 December 31, 2002, XL Capital Ltd had consolidated assets of approximately $35.6 billion and consolidated shareholders' equity of approximately $6.6 billion. More information about XL Capital Ltd is available at www.xlgroup.com.