Mr Bergonzi joined XLCA in 2006 as a managing director in the credit group, where he had primary responsibility for reviewing credits including global infrastructure and project financings, as well as the US public finance. Prior to joining XLCA, Mr Bergonzi spent 15 years at MBIA, where he held positions of increasing responsibility in MBIA's insured portfolio management, new business, finance and corporate strategy areas.

Mr Bergonzi received his BA from Colgate University and received his JD from the New York Law School.

Paul Giordano, president and CEO of Security Capital Assurance, said: "We look forward to benefiting from Adam's strong background and experience in his expanded role. We thank both Dick and Wynne for their many years of dedicated service. They were instrumental in helping to build the company, and we wish them well in their future endeavors."

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SOURCE XL Capital Ltd

http://www.xlcapital.com

The Company's global insurance risk engineering operation, XL GAPS, will also be offering assistance on earthquake emergency preparedness and other risk services expertise. In addition to grants made by the XL Foundation to support the disaster recovery and rebuilding efforts, the Company will match employees' donations to CYDF's Project Hope Emergency Disaster Relief Action.

XL CEO Michael S. McGavick said: "Given the magnitude of the loss of life and damage caused by the recent earthquake in China, XL is committed to providing relief in this area. It is a tragic fact that children are one of the most affected groups in the disaster area. Rebuilding a school and a library, and offering scholarships with funds provided by the XL Foundation, will support children impacted by this tragedy to continue their studies and regain some stability in their lives. By partnering with an organization like China Youth Development Foundation, XL's aim is to carry out this rebuilding initiative in the most effective way possible."

XL Capital Ltd, through its operating subsidiaries, is a leading provider of global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. As of March 31, 2008, XL Capital Ltd had consolidated assets of $54.8 billion and consolidated shareholders' equity of $9.3 billion. More information about XL Capital Ltd is available at www.xlcapital.com.

SOURCE XL Capital Ltd

http://www.xlcapital.com

XL is actively working to resolve its exposure to SCA and while Fitch views successful resolution of this exposure as a positive, the size of any charges, and the manner in which XL funds any charges, could have an impact on the ratings. Fitch envisions if a large charge is ultimately taken that is not offset by an equity-like capital raise, ratings would likely be downgraded by one notch. If there are no additional charges or they are modest, or if a capital raise is executed in the event of a larger charge, Fitch would likely affirm the ratings and return to a Stable Outlook.

XL is a Bermuda-headquartered holding company with subsidiaries providing insurance and reinsurance on a worldwide basis. The company reported consolidated GAAP assets of $54.8 billion and shareholders equity of $9.3 billion at March 31, 2008. The company's equity-adjusted debt to total capital was 18.4% at that date.

Fitch has placed the following ratings on Rating Watch Negative:

XL Capital Ltd

--IDR 'A';

--$600 million 5.25% senior notes due 2014 'A-';

--$350 million 6.375% senior notes due 2024 'A-';

--$745 million 5.25% senior notes due 2011 'A-';

--$325 million 6.25% senior notes due 2027 'A-';

--6.375% series E preferred ordinary shares 'BBB+'.

XL Capital Finance (Europe) PLC

--IDR 'A';

--$600 million 6.50% guaranteed senior notes due 2012 'A-'.

XL America Inc.

--IDR at 'A';

--$255 million 6.58% senior notes due 2011 'A-'.

Fitch also placed the 'A+' IFS ratings of the following XL Capital Ltd (re)insurance subsidiaries on Rating Watch Negative:

--XL Insurance (Bermuda) Ltd

--XL Re Ltd

--XL Insurance Switzerland

--XL Re Latin America Ltd

--XL Europe Ltd

--XL Insurance Company Limited

--XL Insurance America, Inc.

--XL Reinsurance America Inc.

--XL Re Europe Limited

--XL Insurance Company of New York, Inc.

--XL Specialty Insurance Company

--Indian Harbor Insurance Company

--Greenwich Insurance Company

--XL Select Insurance Company

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

SOURCE: Fitch Ratings

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