XL Capital Ltd to present at the Sanford C. Bernstein & Co LLC Conference

Hamilton, Bermuda - May 13, 2004

HAMILTON, BERMUDA - May 13, 2004 - XL Capital Ltd (NYSE: XL) announced today that Mr. Brian M. O'Hara, President and Chief Executive Officer of XL Capital Group Ltd, is scheduled to participate at the Sanford C. Bernstein & Co., LLC Strategic Decisions Conference at The Waldorf-Astoria Hotel in New York, on June 2, 2004 from 3:00 p.m. to 3:35 p.m. (EDT).A live webcast of Mr. O'Hara's presentation will be available by logging onto http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=XL&item_id=881625. A replay of the presentation (and accompanying slides) 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 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 March 31, 2004, XL Capital Ltd had consolidated assets of approximately $44 billion and consolidated shareholders' equity of approximately $7.4 billion. More information about XL Capital Ltd is available at www.xlgroup.com.