XL Capital Appoints Robert Nason as Group Risk and Underwriting Officer of XL Re

November 22, 2002

XL Capital Ltd. announced that it has appointed Robert L. Nason as Group Risk and Underwriting Officer of XL Re, the Company’s global property and casualty reinsurance operation.

He formerly served as Executive VP and Chief Underwriting Officer of XL Re Ltd. in Bermuda, and will be relocating to Stamford, Connecticut, to assume his new post. Nason’s key responsibilities will include “coordinating Underwriting Policy and Practice within the group, spearheading global underwriting and premium audit activities, evaluating new products and services and developing marketing strategies for the reinsurance segment,” said the bulletin.

He’ll report to Henry C.V. Keeling, Chief Executive of XL’s Global Reinsurance Operations, who noted that, “Bob Nason has been a tremendous asset to XL Re over the last five years and to Global Capital before that. His new position is designed to strengthen our ability to integrate various XL Re operations, to ensure that our global business is executed effectively and to provide our customers with a consistently professional level of products and services.”

Keeling indicated that he would “continue to concentrate on the overall strategic direction of XL’s reinsurance operations,” while “Bob will play a key role in providing me with independent underwriting support.” He congratulated Nason on his new position and said he was looking forward to working with him in his new role.

Nason was with Global Capital Reinsurance (“GCR”) when it was acquired by XL in 1997. He previously spent ten years with Trenwick America Reinsurance Company as a director and senior VP, and has also worked for Commercial Union Re, Transatlantic Re and Kemper Insurance in treaty, facultative and direct underwriting positions.

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