UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 7, 2005

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XL CAPITAL LTD
(Exact name of registrant as specified in its charter)

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Cayman Islands    1-10809    98-0191089 
(State or other jurisdiction    (Commission File Number)    (I.R.S. Employer Identification No.) 
of incorporation)         

XL House, One Bermudiana Road, Hamilton, Bermuda HM 11
(Address of principal executive offices)

Registrant’s telephone number, including area code: (441) 292 8515

Not Applicable
(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))


 

Item 8.01. Other Events.
   
          On July 7, 2005, XL Capital Ltd issued the press release attached as Exhibit 99.1 and incorporated by reference herein.
   
Item 9.01.  Financial Statements and Exhibits. 
   
(c)  Exhibits. The following exhibits are filed herewith: 
   
Exhibit No.   
Description 
     
99.1   
Press Release (“XL CAPITAL LTD ANNOUNCES THAT SECOND QUARTER 2005 RESULTS WILL BE ADVERSELY IMPACTED BY AN INCREASE IN RESERVES IN ITS NORTH AMERICAN REINSURANCE OPERATIONS”) dated July 7, 2005. 


SIGNATURES

                    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 7, 2005

 
XL CAPITAL LTD 
 
      (Registrant) 
 
 
  By:           /s/ Fiona Luck 

     
Name: 
  Fiona Luck 
     
Title: 
  Executive Vice President, 
          Global Head of Corporate Services & 
          Assistant Secretary