XL Capital Assurance Appoints Kieran McShane as Head of Fixed-Income Investor Relations

NEW YORK, Feb. 12 /PRNewswire-FirstCall/ -- XL Capital Assurance Inc. (XLCA), a triple A-rated financial guarantee company, announced today the appointment of Kieran M. McShane as head of fixed-income investor relations where he will serve as a liaison between XLCA and investors in XLCA-insured bonds. Mr. McShane, who will be based in New York, will report to Francis C. Constantinople, head of investor relations for Security Capital Assurance Ltd ("SCA") , XLCA's parent company.

Commenting on the appointment, Frank Constantinople said, "We're delighted to have Kieran join us. He is a respected and seasoned professional with personal relationships across the asset-backed and U.S. public finance markets. We are committed to providing fixed-income investors with broad and consistent communications, and Kieran will be a terrific addition to our team."

Mr. McShane joins XLCA from Financial Security Assurance Inc. (FSA), where he spent three years as a vice president responsible for investor relations. Before joining FSA, Mr. McShane worked for four years at Moody's Investors Service, where he was a vice president responsible for institutional marketing of the structured finance business. Previously, Mr. McShane spent eight years with financial advisory firm, Duff & Phelps, as a group vice president responsible for sales and marketing and for developing a network of institutional investors.

About XL Capital Assurance

XL Capital Assurance Inc. (XLCA), a wholly owned subsidiary of Security Capital Assurance Ltd , is a triple-A rated monoline financial guarantee company that provides triple-A rated credit enhancement for the obligations of debt issuers worldwide. XLCA guarantees U.S. municipal bonds, asset-backed securities, and debt backed by utilities and selected infrastructure projects. It also provides guarantees for specialized risks, including future flow securitizations, bank deposit insurance, and structured investment products in both the primary and secondary global markets. XLCA is assigned the highest financial strength ratings by the three major credit rating agencies -- Aaa by Moody's Investors Service, AAA by Standard & Poor's Ratings Service, and AAA by Fitch Ratings. For more information, please visit http://www.xlca.com/.

Contact: Stephen Finch, [phone], [e-mail]

Courtney Franson [phone], [e-mail]