XL Capital Ltd To Present At Standard & Poor's Insurance 2003 Seminar

HAMILTON, BERMUDA - May 29, 2003

HAMILTON, BERMUDA (May 29, 2003) - XL Capital Ltd (NYSE: XL) announced today that Mr. Jerry de St. Paer, EVP and Chief Financial Officer of XL Capital Ltd, is scheduled to participate in the Standard and Poor's Insurance 2003 Seminar in New York on June 2nd at 11:00 a.m. (EST) and on a panel discussion at 2:00 p.m. (EST).A live webcast of Mr. de St. Paer's presentation from 11:00 a.m. to 11:45 a.m. and the panel discussion from 2:00 p.m. to 2:45 p.m. EST may be accessed by logging into http://www.visualwebcaster.com/event.asp?id=15203. A replay of the presentation (with accompanying slides) and the panel discussion will be archived on the Investor Information section of www.xlgroup.com following the live broadcast for approximately 30 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 March 31, 2003, XL Capital Ltd had consolidated assets of approximately $37.5 billion and consolidated shareholders' equity of approximately $6.8 billion. More information about XL Capital Ltd is available at www.xlgroup.com.