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XL Insurance Company Limited Names New Managing Director of French Operation

LONDON, ENGLAND, June 5, 2003 – XL Insurance Company Limited (XLICL), an XL Capital Ltd company (NYSE: XL) ("XL"), announced today the appointment of Guy Lallour as the new Managing Director designate of the French branch of XLICL. XLICL forms part of the operations known as XL Insurance Global Risk, which writes worldwide property and casualty large commercial accounts.
Mr. Lallour will succeed Edmond-Charles Briand, who is leaving the company to take up a risk management position for a major French group. Mr. Lallour’s appointment as Managing Director will be effective as of July 1, 2003.
Having started his career with the Factory Mutual in 1975, Mr. Lallour has more than 25 years experience in the insurance industry. He moved to CIGNA in 1981 before joining French insurer AGF in 1985 in the Commercial and Industrial Lines Division. In 1996, he created the Commercial Lines International Development Division, specializing in large global accounts. He also joined the AGF Group general management board during that year. In 1999, he was appointed the General Manager of AGF Courtage, the global accounts division of AGF.
CEO of XL Insurance Company Limited and European Regional Manager for XL Insurance Global Risk Dermot O’Donohoe, said: “We are delighted that Guy is joining us as our new Managing Director in France. His experience over the last 25 years will be enormously important in further positioning us as a significant force in the French risk management market.”
XL Insurance Global Risk President and CEO Clive Tobin said: “We have an excellent team of people in Paris who have built a very solid book of business over the years. Guy brings enormous experience about the large account business to XL and I am confident he can lead us to even greater success in the French market.”
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 March 31, 2003, XL Capital Ltd had consolidated assets of approximately $37.5 billion and consolidated shareholders' equity of approximately $6.8 billion. More information about XL Capital Ltd is available at www.xlgroup.com.

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