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Diana Gladwell Joins XL Insurance As Gulf Regional Underwriting Manager in Marine & Offshore Energy

EXTON, Penn., October 30, 2006 -- David Duclos, Chief Operating Officer for XL Capital Ltd's (”XL”) global insurance operations ("XL Insurance"), today announced the appointment of Diana Gladwell as Gulf Regional Underwriting Manager for its Marine & Offshore Energy (MOE) unit.
Ms. Gladwell will be based in Houston and will be responsible for servicing XL Insurance’s Marine & Offshore Energy clients within the Gulf Coast. She will report to Jeffery Kaufmann, Chief Underwriting Officer for XL Insurance’ MOE unit in the Americas.
Commenting on the appointment, Mr. Duclos said: “Our ability to service any industry hinges on having the right underwriting expertise. With Diana’s 25-years of insurance experience dedicated to the marine and offshore energy industry, we are pleased that she has chosen to join us. With her experience as a broker and her knowledge of this industry, especially in the Houston and New Orleans areas, Diana is a strong addition to our team.”
“Having Diana on the ground in Houston is beneficial to our Gulf Coast clients as staying in close proximity to our clients will allow us to stay closely attuned to their risk management needs,” Mr. Kaufmann added. “She will be their single-point access to all of XL Insurance’s global products and services.”
Ms. Gladwell joins XL Insurance from USI Insurance Services of Texas, where she was Senior Vice President. Her 25-year insurance industry career also included positions at Marsh, Sedgwick, and Willis.
XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance, 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 September 30, 2006, XL Capital Ltd had consolidated assets of approximately $59.8 billion and consolidated shareholders' equity of $9.5 billion. More information about XL Capital Ltd is available at www.xlgroup.com.

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