XL Capital Ltd Announces Presentation At Banc One Capital Markets, Inc. Insurance Company Investor Conference

HAMILTON, BERMUDA - November 28, 2003

HAMILTON, BERMUDA (November 28, 2003) - XL Capital Ltd (NYSE: XL) announced today that Ms. Carol A. McFate, Executive Vice President and Global Treasurer of XL Global Services, is scheduled to participate in the Banc One Capital Markets, Inc. Insurance Company Investor Conference Inc on December 4, 2003 at The Council on Foreign Relations, The Harold Pratt House, in New York from 1:40 p.m. to 2:20 p.m. (EST).A live webcast of Ms. McFate's presentation may be accessed by logging into www.corporate-ir.net/media_files/event/2003/dec/BankOne/bankone.htm. A replay of the presentation (with accompanying slides) 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 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.