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XL Capital Ltd To Host Global Risk Conference In Montreux, Switzerland

 — Hamilton, Bermuda - July 21, 2003 - XL Capital Ltd (NYSE: XL) ("XL") announced today that it will host its first ever global risk conference, the XL Capital Group Congress, September 4-5 in Montreux, Switzerland on the theme "Thought Leadership for a World at Risk".
The conference formerly known as the WinConference, which was organized by Winterthur International before its acquisition by XL Insurance (Bermuda) Ltd in 2001, continues the tradition of this respected international business forum. It will feature a diverse range of international speakers and panelists.
Presenters will critically examine major economic, political and social issues with the aim of helping Congress attendees comprising some of the world's leading corporations gain a better understanding of the changing face of risk and its evolving impact on the business world.
The first day of the programme will focus on world risk with former US Secretary of Defense William Cohen, former WTO Director and Prime Minister of New Zealand Mike Moore, and former Dutch Minister for the Environment and President of the Kyoto Conference Dr. Jan Pronk among distinguished speakers drawn from politics, science, economics and academia. Day two will examine global business issues with Chairman of AXIS Capital Holdings Limited Michael A. Butt moderating a panel of leading business executives in discussing "Transferring global business risks."
A full programme of the XL Capital Group Congress presentations and speaker details will be announced soon.
XL President and Chief Executive Officer Brian M. O'Hara said: "Our industry tends to adopt a slightly blinkered view of risk. What the XL Capital Group Congress 2003 will do is encourage us to remove the blinkers and look at global risk through a different lens that will bring existing perspectives into sharper focus while offering new insights on issues that directly impact our business strategies. I predict that this event will be both challenging and rewarding. It is a not-to-be-missed educational and networking opportunity for corporate executives charged with leading their businesses through an environment in which levels of risk that were once considered unacceptable have become part of everyday life and part of the challenge of risk management on a global scale."
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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