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XL Capital Ltd to Announce Third Quarter Results on October 30, 2002

Hamilton, Bermuda (October 15, 2002): -- XL Capital Ltd (NYSE: XL) ("XL" or the "Company") intends to release its third quarter results after the close of regular stock market hours on Wednesday, October 30, 2002. The Company will hold its quarterly conference call for investors and analysts at 10:00 a.m. Eastern Time on Thursday, October 31, 2002.
A live online webcast of this call will be available at www.xlgroup.com and will be archived on XL's website from approximately 1:00 p.m. Eastern Time on October 31, 2002 through midnight Eastern Time on December 1, 2002. A telephone replay of the conference call will be available beginning at 1:00 p.m. Eastern Time on October 31, 2002 until 8:00 p.m. Eastern Time on November 6, 2002 by dialing 201-612-7415 (account number: 7716 and conference I.D. number: 45693).
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 June 30, 2002, XL Capital Ltd had consolidated assets of approximately $31.2 billion and consolidated shareholders' equity of approximately $5.4 billion. More information about XL Capital Ltd is available at www.xlgroup.com.

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