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XLCA Announces Appointment of Elizabeth Keys As Chief Financial Officer

New York, New York, May 24, 2005 - XL Capital Group Assurance (XLCA), the triple-A rated financial guarantee insurance company, today announced that Elizabeth Keys has been appointed Chief Financial Officer.
Ms. Keys joins XLCA from General Motors Corporation (GMAC), where she had been Controller of the GMAC Commercial Finance group of General Motors Acceptance Corporation, which provides asset-based lending, equipment finance, structured finance and other services. Prior to joining General Motors in 1997, Ms. Keys worked for six years at Deloitte & Touche LLP, most recently as an Audit Manager. She holds an M.B.A. from the Alfred P. Sloan School of Management at the Massachusetts Institute Technology, where she was a Sloan Fellow; and a B.S. in Accounting, summa cum laude, from the Wallace E. Carroll School of Management at Boston College.
"Beth Keys is a seasoned professional with a distinguished career, who brings a wealth of experience and skills to XLCA," said David P. Shea, Chief Financial & Administrative Officer of the Financial Products and Services segment of XL Capital Ltd, XLCA's ultimate parent company. "XLCA continues to increase its contribution to our Financial Products and Services business, and the role of CFO is vital to our success."
Mr. Edward B. Hubbard, President and Chief Operating Officer of XLCA, said, "We are delighted that Beth Keys has joined our team to guide our financial affairs in the complex environment in which we, as a global company, operate. Her diverse financial services industry experience in both corporate finance and public accounting will be invaluable to the company."
XL Capital Group Assurance Inc. (XLCA), rated triple-A by Moody's Investors Service, Standard & Poor's Ratings Services, and Fitch Ratings, is a full-service monoline financial guaranty company focusing on commercial and consumer asset securitization, global infrastructure, power & utilities, U.S. public finance, and structured investment products. XLCA is an indirect, wholly owned subsidiary of XL Capital Ltd which, 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. For more information, please visit www.xlca.com.

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