XL America Acquires Renewal Rights for Professional Liability Insurance Policies From Royal & SunAlliance USA’s DPIC Unit

STAMFORD, CT, November 14, 2003 – XL America, Inc. (“XL America”) today announced its acquisition of renewal rights for Royal & SunAlliance USA’s (“RSA”) DPIC unit, which provides professional liability insurance and services for architects, engineers and environmental consultants in the United States, Canada and Puerto Rico.

John Glancy, currently DPIC president and CEO, will be joining XL America’s insurance operations to lead the underwriting unit that will be responsible for this book of business which will be branded as XL Design Professional. Mr. Glancy has more than 25 years insurance industry experience including senior level positions with DPIC, CNA and Constitution State Services, a subsidiary of Travelers Property Casualty Corporation. He will report to Rich Banas, who leads numerous XL America insurance operations.

Nicholas M. Brown, XL’s chief executive of insurance operations, said: “The purchase of DPIC’s renewal rights provides us with a great opportunity to continue to expand our specialty lines with a market leadership position in architect & engineer liability. We are pleased that John Glancy will lead the XL Design Professional underwriting unit and we are confident that DPIC agents and their customers will benefit from XL’s financial strength and underwriting expertise in this market.”
John Glancy said: “By coupling XL’s well-regarded experience in the professional liability market with DPIC’s reputation for outstanding service to architects, engineers, environmental consultants and the design industry, we are confident that our agents and customers will experience a seamless business transition.”

XL Design Professional expects to begin renewing expiring policies on January 1, 2004, using XL Specialty Insurance Company paper, subject to rate and form filing approvals. Those policies renewed with RSA with effective dates on and after December 1, 2003 will be fully reinsured by an XL America company.

XL America, Inc. is the holding company for all of the U.S. operations of XL Capital Ltd (NYSE:XL). 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.

DPIC’s insurance programs are marketed and delivered by a dedicated group of design industry specialists that belong to the Professional Liability Agents Network (PLAN). DPIC serves its agents and their customers through regional offices located throughout North America.
This press release may contain forward-looking statements. Such statements are based on current plans, estimates and expectations.

Accordingly, forward-looking statements involve inherent risks and uncertainties, and a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements is set forth in XL's most recent reports on Form 10-K, Form 10-Q and XL's other documents on file with the Securities and Exchange Commission. XL undertakes no duty to publicly update or revise any forward-looking statements contained herein in light of new information, future developments or otherwise.