Summary of XL CAPITAL LTD - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c) On March 5, 2009, the Company announced that Chairman Brian M. O'Hara and Mr. John T. Thornton will retire from the Board of Directors (the "Board") and not stand for reelection at the Annual General Meeting on April 24, 2009. The Company further announced that Mr. Robert S. Parker and Mr. Alan Z. Senter have decided to retire from the Board at the end of 2009. A press release announcing these changes in the Board is filed as exhibit 99.1 hereto and is incorporated herein by reference.

(e) A three-year consulting arrangement with Mr. O'Hara has been approved by the Board to commence following his retirement from the Board. Mr. O'Hara will receive a fee of $800,000 per year for advisory services and will be subject to certain restrictive covenants including non-competition and non-solicitation covenants.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed herewith:

        Exhibit No.     Description

            99.1        Press Release ("XL Capital Ltd Announces Changes
                        Within Board of Directors") dated March 5, 2009.