XL Capital Notes Personnel Moves; Duclos New COO, O’Donohoe Assumes New Role

January 10, 2006

Bermuda-based XL Capital Ltd. reported changes within its insurance segment, known as XL Insurance.

Clive Tobin, chief executive of XL’s Insurance Operations, stated that David Duclos, formerly chief underwriting officer for Specialty Lines, would assume the position of chief operating officer for XL Insurance, reporting to Tobin. In this capacity, Duclos will be responsible for the underwriting, sales and regional management of XL’s worldwide insurance operations.

Dermot O’Donohoe will assume Duclos’ former role as chief underwriting officer for Specialty Lines. He will remain head of XL’s UK and Ireland region until a successor is named. O’Donohoe will report to Duclos in his new role, as will the current heads of business lines and regions within XL’s insurance segment.

“These changes are the next step in a process we started two years ago to more fully integrate operations in XL Insurance. We have made great progress towards the goals we set then and it is now time to move on to the next stage. I am confident that we have assembled the right team to lead this effort,” said Tobin.

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