XL disclosed Mr. Metcalf's exit April 30, saying he had "decided to leave the company to pursue other business interests."

Clive R. Tobin, chief executive of insurance operations for XL, said then that Mr. Metcalf had been successful in restructuring the company's Lloyd's operations and aligning them with XL's global insurance strategy.

Announcing the latest appointments, Mr. Tobin said: "Lloyd's is an important component in our insurance operations. The appointment of Dermot and Paul to these leadership positions within XLLM further demonstrates XL's commitment to the Lloyd's market.

He said the two men "can play a key role in the integration of XL's insurance operations in London and enhance XL's focus on providing quality service and products to brokers and clients across all markets."

Mr. O'Donohoe joined XL in 1991 as a professional lines underwriter and progressed to president and CEO of XL Europe Ltd. and CEO of XL Insurance Company Ltd. in December 2002. Mr. O'Donohoe is also a member of the global XL Insurance Executive Management Board.

Mr. Drake joined XLLM in January 2001 as underwriting development manager and was appointed director of underwriting risk in March 2002.

XLLM is one of Lloyd's leading managing agencies, with syndicate capacity of over $500 million. The XL London Market Syndicate offers underwriting expertise and market leadership in various lines of business, particularly the marine disciplines of hull, liabilities, offshore energy and cargo; specie; bloodstock; international aviation; and war and political risk.

The ultimate parent company of XL London Market Ltd is XL Capital Ltd, based in Hamilton, Bermuda, which, through its operating subsidiaries, is a 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 of March 31, 2004, XL Capital Ltd had consolidated assets of approximately $44.2 billion and consolidated shareholders' equity of approximately $7.4 billion. More information about XL Capital Ltd is available at www.xlcapital.com.