XL Capital Ltd To Present At The Keefe, Bruyette & Woods 2004 Insurance Conference On September 9, 2004

HAMILTON, BERMUDA - August 25, 2004

HAMILTON, BERMUDA (August 25, 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 present at the Keefe, Bruyette and Woods Insurance Conference at The Pierre Hotel, New York City on September 9, 2004 from 11:50 a.m. to 1:10 p.m. (EDT).A live webcast of Mr. O'Hara's presentation will be available at http://customer.talkpoint.com/keef001/090804a_cy/. A replay of the presentation and accompanying slides will be available on the Investor Information section of www.xlgroup.com following the live broadcast and will be archived for approximately 30 days.XL Capital Ltd, 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. As of June 30, 2004, XL Capital Ltd had consolidated assets of approximately $45.5 billion and consolidated shareholders' equity of approximately $7.1 billion. More information about XL Capital Ltd is available at www.xlgroup.com.