New York, New York, August 9, 2004 - XL Capital Group Assurance Inc. (XLCA) announced today that Susan Comparato has been named General Counsel. She was previously an Associate General Counsel at XLCA, and replaces Frederick B. Hnat, who was named Chief Operating Officer of XL Capital Group Assurance (U.K.) Limited, XLCA's wholly owned, London-based subsidiary, last month. Ms. Comparato will also be a member of XLCA's Board of Directors, Credit Committee, and Management Committee.Ms. Comparato joined XLCA in March 2001 from Barclays Capital, where she was Associate Director, Risk Finance. She began her career at Sidley Austin Brown & Wood (formerly Brown & Wood), as an Associate in the Securitization Group.Edward B. Hubbard, President of XLCA, said, "Susan has contributed to the success of our company in a broad range of matters, with a particular focus on asset-backed securities and collateralized debt obligations in the U.S. and international markets. As we continue to grow, we look to Susan to guide our day-to-day affairs in an increasingly complex legal and regulatory environment."XLCA, rated triple-A by Moody's Investors Service, Standard & Poor's Ratings Services, and Fitch Ratings, specializes in consumer and commercial asset securitization; structured investment products; U.S. public finance; and structured risk, which comprises power & utilities, global infrastructure, future flow securitization, deposit insurance, and whole business securitization. XLCA is an indirect, wholly owned subsidiary of XL Capital Ltd (NYSE: XL), which, 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.
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