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XL Re Ltd Appoints Jeremy Hindle As Ceded Reinsurance And Underwriting Risk Manager

London, England - July 8, 2004: XL Re Ltd, a subsidiary of XL Capital Ltd (NYSE:XL) ("XL"), today announced the appointment of Jeremy Hindle as Ceded Reinsurance and Underwriting Risk Manager. Mr. Hindle is currently Director of Property Underwriting at XL Re Europe, based in Paris. He is expected to relocate to London shortly to take up his new role.
Chief Executive of XL's Reinsurance Operations, Henry Keeling, said: "We are very fortunate to have someone with Jeremy's experience in this important role that embraces not only our global reinsurance buying, but also has oversight of our internal underwriting risk. Jeremy has developed extensive relationships with customers, brokers, and reinsurers. His technical expertise and depth of reinsurance knowledge will be invaluable in this role."
Mr. Hindle began his career with XL's Reinsurance Operations in Bermuda in 1993 as Vice President Underwriter International, progressing to Senior Vice President Underwriter International. He transferred to XL Re Europe in 1999, focussing on European business. Before joining XL's Reinsurance Operations, he was a Property Treaty underwriter at Swiss Reinsurance Company (UK) Ltd. Mr. Hindle holds a Bachelor of Arts degree in European History from University College London.
Commenting on his appointment, Mr. Hindle said: "Having worked in reinsurance underwriting for more than 20 years, I look forward to contributing to the success of XL Re with a focus now on the buying side, as well as the responsibility of managing XL Re's internal underwriting risk."
XL Re is the global brand used for XL Capital Ltd's reinsurance operations. The XL Re companies have more than 500 employees in 14 countries. More information about the XL Re companies is available at www.xlre.com. 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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