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HAMILTON, BERMUDA – September 18, 2003: XL Capital Ltd (NYSE: XL) (“XL") announced today that it has appointed Paul D. Dowden to the position of Senior Vice President and Chief Risk Officer, a new position within XL.Since 2002, Mr. Dowden has been Senior Vice President and Group Underwriting Risk Officer of XL. His key responsibilities will include the identification, coordination and management of underwriting, operational and other risks across the group. Mr. Dowden will also serve as Chairman of XL’s Risk Management Committee and, in that capacity, report to Mr. Brian M. O’Hara, President and Chief Executive Officer of XL.Mr. O’Hara said: "Paul Dowden has made significant improvements to our management of underwriting risk over the past year as well as being a tremendous asset to XL in his various senior management roles before that. Paul’s knowledge and experience make him an ideal candidate for this new position which we have created to strengthen our ability to optimize our performance through effective risk management. I look forward to working with Paul and would like to congratulate him on his new position."Mr. Dowden joined XL in 1995 as Vice President of XL Insurance Ltd’s (XLI) General Liability Division. He was promoted to Managing Director of the Energy & Chemical Customer Business Unit in 1998 and Managing Director, Latin American Business Development in 2000 before moving to XL Capital Group Ltd in the role of Senior Vice President, Reinsurance & Global Business Development in 2001. Prior to his career with XL, he spent thirteen years in various senior management positions in the London Insurance Market. Mr. Dowden has an MBA from London Guildhall University in the United Kingdom.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, 2003, XL Capital Ltd had consolidated assets of approximately $39.2 billion and consolidated shareholders' equity of approximately $7.6 billion. More information about XL Capital Ltd is available at