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XL Re Ltd Appoints Dieter Kohl As Senior Vice President And Continental European Casualty Manager

Hamilton, Bermuda - October 16, 2003 - XL Re Ltd today announced that Mr. Dieter Kohl has been appointed to the new position of Senior Vice President and continental European Casualty Manager.
Mr. Kohl will be based in London, England, and will report to David J. Watson, Executive Vice President and General Manager of XL Re Ltd - London branch. He will be responsible for the management and development of multi-national Casualty business for continental European clients. Mr. Kohl has 24 years experience in worldwide casualty reinsurance, in particular continental European Casualty markets, Environmental Impairment Liability, Electro Magnetic Fields, US Liability and Product Recall.
Mr. Watson said: "We are very pleased to acquire an underwriter with Dieter's experience to head our European Casualty Business unit. We believe this will enable us to expand relationships with our clients as we strive to develop our Casualty business in continental Europe."
Mr. Charles Werner Skrzynski, Chief Executive Officer of XL Re Europe, added: "Dieter's extensive knowledge and experience of the European Casualty market will allow us to fully respond to brokers' and clients' needs, particularly in Motor and Non Motor Casualty reinsurance."
Mr. Kohl joins XL Re Ltd from GE ERC Global P&C Reinsurance where he served as Product Leader of all Casualty Treaty business in Europe and Asia. Prior to that, he was Head of the Casualty Center of Excellence at GE Frankona Re Munich. He has served in a number of managerial positions at Frankona Re Munich in both London and Germany.
XL Re Ltd is a subsidiary of XL Capital Ltd which, 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, 2003, XL Capital Ltd had consolidated assets of approximately $39.2 billion and consolidated shareholders' equity of approximately $7.6 billion. More information about XL Capital Ltd is available at www.xlgroup.com.

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