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Schedule for release of second quarter 2003 results from Bermuda-based insurance companies

Times are listed as Bermuda time<I>.</I>Everest Re Group, Ltd. will hold its second quarter 2003 earnings conference call at 9:30 a.m. on July 22, 2003. The call will be available on the Internet at the Everest Re website, www.everestre.com or at www.streetevents.com.

Times are listed as Bermuda time.

Everest Re Group, Ltd. will hold its second quarter 2003 earnings conference call at 9:30 a.m. on July 22, 2003. The call will be available on the Internet at the Everest Re website, www.everestre.com or at www.streetevents.com.

IPC Holdings will hold its second quarter 2003 earnings conference call on Wednesday, July 23, 2003, at 9:30 a.m. The conference can be accessed online at www.firstcallevents.com/service/ajwz383721724gf12.html

ACE Limited said it expected to issue its second quarter earnings release and financial supplement after 6 p.m. on Monday, July 28, 2003.

The company will host a live webcast of its second quarter earnings conference call on Tuesday, July 29, 2003, beginning at 9:30 a.m.

A live webcast of the earnings conference call will be available at www.acelimited.com.

Please refer to the ACE Limited website in the Investor Information section under Calendar of Events for details. A replay of the webcast will be available following the live webcast on Tuesday, July 29, 2003 until Tuesday, August 12, 2003 at 5:00 p.m. EDT.

RenaissanceRe Holdings will conduct an investment community conference call on Wednesday, July 23 at 9 a.m. to discuss its financial results for second quarter 2003, as well as the company's outlook. RenaissanceRe will release the results following the close of market on Tuesday, July 22.

XL Capital is scheduled to release its second quarter results after the close of regular stock market hours on Thursday, July 31, 2003. The Company will hold its quarterly conference call for investors and analysts at 11 a.m. on Friday, August 1, 2003. A live online webcast of this call will be available at www.xlcapital.com and will be archived on XL's website from approximately 2 p.m. on August 1, 2003 through September 1, 2003. A telephone replay of the conference call will be available beginning at 2 p.m. on August 1, until 9 p.m. on August 8, 2003, by dialing (201) 612-7415 (account number: 7716, and conference I.D. number: 71252).

Max Re will host a conference call to discuss the company's second quarter financial results with interested investors and shareholders on August 4, 2003 at 11 a.m. The call can be accessed using international code 973-317-5319. The call can also be replayed by calling 973-709-2089 and using access code: 295417

Arch Capital Group Ltd. said it expected to release its 2003 second quarter results after the close of regular stock market hours on Monday, August 4, 2003. The Company will hold a conference call for investors and analysts at 11 a.m. on August 5.

A live webcast of this call will be available at www.vcall.com/CEPage.asp?ID=84296 and will be archived on VCall's website from 1 p.m. on August 5 through September 5, 2003. A telephone replay of the conference call also will be available beginning on August 5 at 1 p.m. until August 8 at midnight Eastern Time. To access the replay, international callers should dial 201-612-7415 (account 1628, confirmation number 71996).

PartnerRe Ltd. announced that it will release its 2003 second quarter results on Monday, August 4, 2003, after market close. PartnerRe senior management will also conduct a conference call and simultaneous webcast, which will include a question and answer period, on Tuesday, August 5, 2003 at 11 a.m. Participants are invited to listen to the webcast on the Investor Information section of PartnerRe's website, www.partnerre.com, and should log on at least five minutes prior to the start.