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XL Capital Declares Quarterly Dividend Of $0.44 Per Share

HAMILTON, BERMUDA, September 10, 1999 -- XL Capital Ltd (NYSE: XL) announced today that its Board of Directors declared a quarterly dividend of $0.44 per share payable on the Company's Ordinary Shares. The dividend will be payable on October 8, 1999 to shareholders of record on September 24, 1999.

XL Capital Ltd, through its 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.