XL Capital Ltd To Participate In The Keefe, Bruyette and Woods Insurance Conference on September 7, 2006

HAMILTON, BERMUDA - August 21, 2006

HAMILTON, BERMUDA - August 21, 2006 - XL Capital Ltd (NYSE: XL) announced today that Mr. Jerry de St. Paer, Chief Financial Officer of XL Capital Ltd, is scheduled to present at the Keefe, Bruyette and Woods Insurance Conference at the Sheraton New York Hotel at 3:15 p.m. (EDT) on Thursday, September 7, 2006.A live webcast of Mr. de St. Paer's presentation will be available by logging onto http://www.kbw.com/news/conferenceInsurance2006.html. A replay of the presentation and accompanying slides will be available on the Investor Relations section of XL Capital Ltd's website, located at www.xlgroup.com, following the live broadcast and will be archived there for approximately 21 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 June 30, 2006, XL Capital Ltd had consolidated assets of approximately $58.5 billion and consolidated shareholders' equity of $8.5 billion. More information about XL Capital Ltd is available at www.xlgroup.com.