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XL Insurance Appoints Seraina Maag Chief Executive for North America Property & Casualty

 — New York, February 23, 2010 – XL Insurance, XL Capital Ltd's global insurance operations, today announced the appointment of Seraina Maag as Chief Executive of its North America Property & Casualty (P&C) unit. She succeeds Dennis Kane, who is retiring at the end of the year.

Ms. Maag most recently headed the Zurich North America Commercial, Specialties Business Unit, managing all aspects of that operation with offices across the United States. She is a member of the World Economic Forum Young Global Leaders group, and was named one of Business Insurance magazine’s 2009 Women to Watch. Upon joining XL Insurance, she will report to David Duclos, XL’s Chief Executive of Insurance Operations, and be based in New York.

Commenting on the appointment, Mr. Duclos said: “We couldn’t be more pleased to appoint Seraina to lead our North American P&C operation and are delighted to count on her broad industry experience and background in underwriting, finance and business line management. Her experience will allow her to play a critical role in our business and positions us well to build on the growing momentum within XL Insurance.”

Mr. Duclos added: "This and other recent appointments demonstrate how XL continues to attract our industry's top talent who find XL to be a respected source of the best underwriting talent and leadership."

Throughout her career, Ms. Maag has held leadership positions in commercial insurance and finance in the US and abroad. Prior to her most recent role, she was financial officer for Zurich’s North America Commercial Specialties Business after spending four years running Investor Relations & Rating Agencies for Zurich Financial Services in Switzerland. In that role, Ms. Maag was responsible for managing the Group's relationships with investors, analysts and rating agencies on a global basis.

Before joining Zurich in 2002, Ms. Maag was a partner and financial analyst for NZB Neue Zuercher Bank in Switzerland. Between 1990 and 2000 she held various senior management positions with Swiss Re in Switzerland and Australia.

About XL Insurance
"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of companies. More information about XL Insurance is available at www.xlinsurance.com. XL Capital Ltd, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at www.xlgroup.com

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