declared a quarterly dividend of $0.46 per share for ordinary shares.

The dividend will be paid on February 28 to shareholders of record on February 15, 2001. This represents an increase of $0.01 per share in the quarterly dividend paid on the company's ordinary shares.

XL Capital Ltd, through its subsidiaries, is a leading provider of insurance and reinsurance coverage and financial products to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.