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XL Insurance Unit Annouces Expanded D&O Policy

Hamilton, Bermuda - November 3, 2004: XL Insurance (Bermuda) Ltd, a subsidiary of XL Capital Ltd (NYSE: XL) ("XL"), announced today that its Bermuda-based professional lines insurance operation has added fiduciary liability coverage to its directors and officers insurance policy.
The expanded policy, known as "A PLUS D&O", replaces XLIBL's IDOL policy and was announced today at the annual conference of the Professional Liability Underwriters Society (PLUS) taking place in San Diego, California.
The new policy also provides excess difference-in-conditions coverage above an existing D&O liability policy.
Chief Underwriting Officer, XL Professional Lines for North America, Rich Banas, said: "XL's leadership position in professional lines underwriting, results from several factors including meeting customer needs. Similar to the development of our Employment Practices Liability insurance for large employers, we took a step back and looked at the changing landscape and emerging risk facing directors and officers. We found demand for broad form fiduciary liability insurance similar in nature to the broad form individual directors and officers liability insurance in our IDOL policy. Like other recent product launches by XL's insurance segment, "A Plus D&O" demonstrates our continued commitment to this market segment. "A Plus D&O" is a cutting-edge product backed by meaningful capacity and XL Insurance's financial strength."
Chief Underwriting Officer, XL Professional Lines, Bermuda, Sherron Williams, said: "The development of relevant products is fundamental to our strategy to be a one-source provider of insurance to our risk management clients. Expanding the coverage available under this key product should position us to retain and increase our D&O client base. The coverage enhancements expand the policy to provide excess difference in conditions (DIC) coverage above a Directors and Officers Liability policy and a Fiduciary Liability policy for an insured. Further coverage enhancements also ensure broad protection for directors and officers in the time of greatest need: when they are personally liable for defense costs and settlements/judgments in this expensive area of litigation."
The professional liability division of XL's Bermuda Insurance Operations provides Directors & Officers Liability, Employment Practices Liability and Errors and Omissions Insurance to large corporations in a broad range of industries.
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 June 30, 2004, XL Capital Ltd had consolidated assets of approximately $44.5 billion and consolidated shareholders' equity of approximately $7.1 billion. More information about XL Capital Ltd is available at
This press release may contain forward-looking statements. Such statements are based on current plans, estimates and expectations. Accordingly, forward-looking statements involve inherent risks and uncertainties, and a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. A non- exclusive list of the important factors that could cause actual results to differ materially from those in such forward- looking statements is set forth in XL's most recent reports on Form 10-K, Form 10-Q and XL's other documents on file with the Securities and Exchange Commission. XL undertakes no duty to publicly update or revise any forward- looking statements contained herein in light of new information, future developments or otherwise.

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