Reinsurance
Product Family

HAMILTON, BERMUDA (September 22, 2003) - XL Capital Ltd (NYSE: XL) announced today that Mr. Brian M. O'Hara, President and Chief Executive Officer of XL Capital Ltd, is scheduled to participate in a panel discussion at the Fox-Pitt Kelton Financial Services Conference on September 23, 2003 at the Pinehurst Resort, North Carolina from 7:30 a.m. to 9.55 a.m. (EDT).A live webcast of the panel discussion may be accessed by logging into http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=128313&item_id=787131. A replay will be archived on the Investor Information section of www.xlgroup.com following the live broadcast for approximately 30 days.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, 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 www.xlgroup.com.