XL Re Europe Opens Paris Underwriting Office

Le Mans (France) - November 05, 2003

Le Mans, France - 5 November 2003 - XL Re Europe, formerly known as Le Mans Ré, announced today the opening of its Paris underwriting office which will be responsible for the underwriting of non-life business in France, Belgium, and Luxemburg. The Paris office will be headed up by Mr. Jeremy Hindle who will continue to manage the property department at XL Re Europe.Philippe Rochaix, Chief Underwriting Officer of XL Re Europe, stated: "The opening of our Paris office is one of the resources implemented by XL Re Europe to promote its development in continental Europe."Mr. Hindle added: "The establishment of our Paris office enables us to provide services tailored to our French, Belgian and Luxemburg customers."Mr. Hindle started his career with XL Re in Bermuda and then joined Le Mans Ré in 1999. Before working for XL Re, he was an international underwriter at Mid Ocean Re and from 1982 to 1993, a property treaty underwriter at Swiss Reinsurance Company (UK) Ltd. Mr. Hindle holds a Bachelor of Arts degree in European History from University College London where he graduated in 1981.The XL Re Europe Paris Office contact information is: XL Re Europe Tour Montparnasse - 33ème étage 33, avenue du Maine 75755 Paris Cedex 15 France Tel: +33 (0)1 44 10 41 85 Fax: +33 (0)1 44 10 41 92 XL Re is the global brand used for XL Capital Ltd's reinsurance operations. The XL Re companies have over 500 employees in 14 countries. More information about the XL Re companies is available at www.xlre.com. 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 September 30, 2003, XL Capital Ltd had consolidated assets of approximately $39.6 billion and consolidated shareholders' equity of approximately $7.4 billion. More information about XL Capital Ltd is available at www.xlgroup.com.