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XL Capital Ltd to host Investor Day in New York City on May 25, 2004

 — Hamilton, Bermuda (May 17, 2004): -- XL Capital Ltd (NYSE: XL) ("XL" or the "Company") will host an "Investor Day" in New York City on Tuesday, May 25, 2004. The theme of the day will be "People, Products and Expertise" and presentations will be given by key executives from the Company's three operating segments, Insurance, Reinsurance and Financial Products and Services, along with presentations on XL's corporate and investment activities.
In addition to the presentations, XL President and CEO Brian M. O'Hara will be hosting a luncheon where he will give an overview of the market and take questions from analysts and investors attending the event.
A live online webcast of this event, along with a copy of the presentation slides, will be available at www.xlgroup.com and will be archived on XL's website from May 25, 2004 through June 25, 2004.
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 March 31, 2004, XL Capital Ltd had consolidated assets of approximately $44.2 billion and consolidated shareholders' equity of approximately $7.5 billion. More information about XL Capital Ltd is available at www.xlgroup.com.

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