XL Capital Ltd to announce second quarter 2004 results on Wednesday, July 28, 2004

HAMILTON, BERMUDA - June 18, 2004

Hamilton, Bermuda (June 18, 2004): -- XL Capital Ltd (NYSE: XL) ("XL" or the "Company") intends to release its second quarter 2004 financial results after the close of regular stock market hours on Wednesday, July 28, 2004. A conference call to discuss the Company's second quarter results will be held at 10:00 a.m. Eastern Time on Thursday, July 29, 2004.A live online webcast of this call will be available at www.xlgroup.com and will be archived on XL's website from approximately 1:00 p.m. Eastern Time on July 29, 2004 through midnight Eastern Time on August 26, 2004. A telephone replay of the conference call will also be available beginning at 1:00 p.m. Eastern Time on July 29, 2004 until 8:00 p.m. Eastern Time on August 5, 2004 by dialing (201) 612-7415 (account number: 7716 and conference I.D. number: 109136).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 $44.2 billion and consolidated shareholders' equity of approximately $7.4 billion. More information about XL Capital Ltd is available at www.xlgroup.com.