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XL Capital Ltd. to Announce First Quarter Results on Monday, May 7, 2001

01 May 2001

HAMILTON, BERMUDA, May 1, 2001 -- XL Capital Ltd (NYSE: XL) ("XL") intends to release its first quarter results after the close of regular stock market hours on Monday, May 7, 2001. The Company will hold its regular quarterly conference call for investors and analysts at 10:00 a.m. Eastern Time on Tuesday, May 8, 2001.

A live online webcast of this call will be available at www.xl-capital.com and will be archived on XL's website from approximately noon Eastern Time on May 8, through midnight Eastern Time on June 7. A telephone replay of the conference call will be available beginning at 1:00 p.m. Eastern Time on May 8 until 8:00 p.m. Eastern Time on May 15 by dialing (719) 457-0820, passcode 629354.

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. Additional information on XL is available at: www.xl-capital.com.