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Madrid, November 3, 2003 - XL Capital Group Assurance (U.K.) Limited (XLCA-UK) announced today that Carlos de Parias has joined the company as a Vice President in the Global Infrastructure group, a newly created position. Mr. De Parias will report to Alberto Ramos, Managing Director, Global Infrastructure of XLCA- UK, and will be based in Madrid, where XLCA-UK has a branch office.Mr. de Parias joins XLCA from Deutsche Bank, where he was a Relationship Manager responsible for mid-capitalization corporates in the south of Spain. Before joining Deutsche Bank, Mr. de Parias spent six years at Santander Central Hispano, most recently as Vice President in the Project Finance Europe group, with a focus on infrastructure and public sector transactions.Mr. Ramos said, "As XLCA-UK continues to grow in the European infrastructure market, we are fortunate to have Carlos, with his proven track record, join our team."XLCA-UK is a direct, wholly owned subsidiary of XL Capital Group Assurance Inc. (XLCA), a New York financial guaranty insurer. XLCA-UK is a U.K. financial guarantee insurance company regulated by the U.K. Financial Services Authority.XLCA, rated triple-A by Moody's Investors Service, Standard & Poor's Ratings Services and Fitch Ratings, specializes in commercial and consumer asset securitization; structured investment products; U.S. public finance; and structured single risk, which comprises power & utilities, global infrastructure, future flow securitization, bank deposit insurance, and whole loan securitization. XLCA is an indirect, wholly owned subsidiary of XL Capital Group Ltd (NYSE: XL), which, 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.