first quarter results after the close of regular stock market hours on May 7, 2001.

The company will hold its regular quarterly conference call for investors and analysts at 11 a.m. on May 8, 2001.

A live online Web cast of this call will be available at www.xl-capital.com and will be archived on XL's website from approximately 1 p.m. on May 8, through midnight on June 7.

A telephone replay of the conference call will be available beginning at 2 p.m. on May 8 until 9 p.m. on May 15 by dialling (719) 457-0820, pass code 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.