Bermuda insurance giant XL Capital Ltd announced on Friday that its Board of Directors declared a quarterly dividend of $0.46 per share payable on the company's ordinary shares.

The dividend will be payable on August 30, 2001 to shareholders of record on August 15, 2001.

XL Capital Ltd, through its subsidiaries, is a leading 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.

Web site: http://www.xlcapital.com/