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Arnold Brousell named Controller of XL Financial

 — New York, June 15, 2004 - Arnold Brousell has been named Controller of the Financial Products and Services segment of XL Capital Ltd (NYSE:XL; "XL" or "the Company"), the Company announced today.
Mr. Brousell joined XL's Financial Products and Services segment in April 2004 from The MONY Group Inc. (MONY) where he was employed for the past seven years and most recently served as Chief of Accounting Officer and Controller. Prior to MONY, Mr. Brousell spent approximately 14 years in public accounting at Coopers & Lybrand, Deloitte & Touche, and KPMG, where he served clients primarily in the financial guarantee, property and casualty insurance, and property and casualty reinsurance businesses. Mr. Brousell also served as a technical accounting resource to several investment banking clients of Coopers & Lybrand.
David P. Shea, Chief Financial & Administrative Officer of XL's Financial Products and Services segment, said, "As XL's Financial Products and Services segment continues to grow, we are fortunate that Arnold has joined our world- class quality team. With his broad financial services background, he is the perfect choice to help us, as we further expand our business, to meet increasing financial control, disclosure, and management requirements."
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 billion and consolidated shareholders' equity of approximately $7.4 billion. More information about XL Capital Ltd is available at www.xlgroup.com.

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