XL Capital Ltd Moves to New Corporate Headquarters

Apr 16, 2001, 01:00 ET from XL Capital Ltd

    HAMILTON, Bermuda, April 16 /PRNewswire/ -- XL Capital Ltd (NYSE:   XL)
 ("XL" or "the Company") announced today that it has relocated its Bermuda
 headquarters from Cumberland House to XL House, a purpose-built office
 facility the Company owns near the center of Hamilton, the capital of Bermuda.
 The principal telephone and fax numbers remain unchanged.
     The Company intends to consolidate its Bermuda-based operations and
 approximately 265 staff in the new building, which is to be officially opened
 in early May.  XL business units operating out of XL House will include XL
 Insurance Ltd, XL Investments Ltd, XL Re Ltd, Latin American Re Ltd, Element
 Re Ltd, XL Financial Assurance Ltd and XL Financial Solutions Ltd.
     XL President and Chief Executive Officer Brian M. O'Hara said:  "This will
 be the first time we have been able to have all our Bermuda-based subsidiaries
 under one roof since we began to expand the XL group of companies in the
 mid-90s.  The construction of XL House not only makes good economic sense but
 will help to produce valuable administrative and operational efficiencies."
     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.  As at December 31, 2000, XL Capital Ltd had
 consolidated assets of approximately $16.8 billion and consolidated
 shareholders' equity of approximately $5.6 billion.  More information about XL
 is available on http://www.xlcapital.com.
 
 

SOURCE XL Capital Ltd
    HAMILTON, Bermuda, April 16 /PRNewswire/ -- XL Capital Ltd (NYSE:   XL)
 ("XL" or "the Company") announced today that it has relocated its Bermuda
 headquarters from Cumberland House to XL House, a purpose-built office
 facility the Company owns near the center of Hamilton, the capital of Bermuda.
 The principal telephone and fax numbers remain unchanged.
     The Company intends to consolidate its Bermuda-based operations and
 approximately 265 staff in the new building, which is to be officially opened
 in early May.  XL business units operating out of XL House will include XL
 Insurance Ltd, XL Investments Ltd, XL Re Ltd, Latin American Re Ltd, Element
 Re Ltd, XL Financial Assurance Ltd and XL Financial Solutions Ltd.
     XL President and Chief Executive Officer Brian M. O'Hara said:  "This will
 be the first time we have been able to have all our Bermuda-based subsidiaries
 under one roof since we began to expand the XL group of companies in the
 mid-90s.  The construction of XL House not only makes good economic sense but
 will help to produce valuable administrative and operational efficiencies."
     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.  As at December 31, 2000, XL Capital Ltd had
 consolidated assets of approximately $16.8 billion and consolidated
 shareholders' equity of approximately $5.6 billion.  More information about XL
 is available on http://www.xlcapital.com.
 
 SOURCE  XL Capital Ltd