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HAMILTON, BERMUDA – October 23, 2009 – XL Capital Ltd (“XL” or the “Company”) (NYSE: XL) announced today that its Board of Directors declared a quarterly dividend on October 23, 2009 of $0.10 per Ordinary Share payable on the Company’s Ordinary Shares. The dividend will be payable on December 31, 2009 to Ordinary Shareholders of record as of December 15, 2009.In addition, the Board of Directors resolved on October 23, 2009, to pay a dividend of $0.76275 per share on the Company’s Series C Cumulative Preference Shares. The dividend will be paid on January 15, 2010 to all shareholders of record as of January 14, 2010. The aggregate amount of the dividends payable on the Series C Cumulative Preference Shares is $5,573,353.XL Capital Ltd, through its operating subsidiaries, is a leading provider of global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.