XL Capital Ltd to Host Investor Day in New York City

HAMILTON, BERMUDA - April 15, 2003

Hamilton, Bermuda (April 15, 2003): -- XL Capital Group Ltd (NYSE: XL) ("XL" or the "Company") will host an "Investor Day" in New York City on Tuesday, May 20, 2003. The event is scheduled to be held at:Inter-Continental The Barclay New York111 East 48th Street, between Park and Lexington Avenues Beginning at 8:00 a.m.(EDT).In response to investment community interest, the day will focus primarily on XL's Financial Products and Services ("FP&S") segment and its Investment activities. Presentation topics will include the Company's strategic objectives for FP&S and how it contributes to XL's overall investment strategy, including investments in affiliates, and information sessions on how the Company uses credit derivatives. XL President and CEO Brian O'Hara and corporate executives, along with senior management from the Company's Insurance and Reinsurance segments, will join executives from XL's FP&S and Investment operations at the event.A live online webcast of this event, along with a copy of the presentation slides, will be available at www.xlgroup.com and will be archived on XL's website from May 21, 2003 through June 21, 2003.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.