XL Capital Appoints Hoy Sr. VP-Investor Relations

Bermuda’s XL Capital Ltd. announced the appointment of Scott C. Hoy as Senior Vice President, Investor Relations, reporting to CFO Jerry de St. Paer.

Hoy will be responsible for managing the Company’s communications with institutional investors and securities analysts, and will also play a principal role in the Company’s communications with the credit rating agencies.

Brian M. O’Hara, XL’s President and CEO commented: “As XL continues to evolve as a global leader in the insurance, reinsurance and financial products and services businesses, maintaining strong relationships with investors, analysts and rating agencies will become an even more critical responsibility. Scott’s experience will be a tremendous benefit to our efforts in this area, and he will be an important addition to our senior management team.”

Hoy joins XL from Citigroup where, over an 11-year career, he held senior positions in Corporate and Investment Banking, Strategy and Business Development, and North America Credit Cards businesses. From April 2001 to January 2004, he was VP and Deputy Head of Citigroup’s Investor Relations unit. Most recently, Director, Finance and Strategy of Citigroup’s Emerging Markets Corporate Banking Group. He is a graduate of Harvard University with an AB in Near Eastern Languages and Civilizations.