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  <TITLE> XL Capital Ltd (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	April 27, 2007
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  	XL Capital Ltd
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Cayman Islands
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  	1-10804
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  	98-0191089
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	XL House, One Bermudiana Road, Hamilton, Bermuda
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  	HM11
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	(441) 292-8515
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On April 27, 2007, at a meeting of the Board of Directors (the "Board") of XL Capital Ltd (the "Company"), the Board approved the following increases in the compensation payable to non-employee members of the Board: <br><br>(i)  the annual cash retainer fee for the Audit Committee Chairman was increased from $12,000 to $15,000; <br>(ii) the annual cash retainer fee for all other Committee Chairmen was increased from $5,000 to $10,000; and <br>(iii) the annual cash retainer fee for members of the Audit Committee (other than the Audit Committee Chairman) was increased from $5,000 to $7,500. <br><br>At that meeting, the Board approved to continue all other compensation payable to non-employee members of the Board, other than as set forth in the next paragraph below. The terms of such compensation are set forth in the Company's Annual Proxy Statement dated March 19, 2007, filed on Schedule 14A (the "Proxy Statement"). In addition, the Board approved for each non-employee member of the Board, an award of 1,000 shares of restricted stock, and 2,500 stock options at an exercise price of $78.19 per share. <br><br>The Board also approved (i) an annual retainer fee of $30,000 payable to the independent director selected by the independent directors to act as the presiding director (the "Lead Director") at executive sessions of non-management directors and independent directors (payable from September 2006 when the Lead Director was selected to become the Lead Director);  and (ii) an amendment to the Company's Directors Stock & Option Plan, as amended and restated (the "Directors Plan") (and as described further in the Company's Proxy Statement), to eliminate the ability of non-employee members of the Board to elect to defer all or part of their annual cash retainer fee in exchange for share units equal to 110% of the amount of cash compensation such members elected to defer. Non-employee members of the Board will still be permitted to elect to defer all or a portion of their annual cash retainer fee in exchange for share units equal to 100% of the amount of cash compensation such members elected to defer in accordance with the Directors Plan, as so amended.<br><br>The above-referenced compensation, which was effective upon approval by the Board, was recommended to the Board by the Nominating & Governance Committee. <br>
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  	SIGNATURES
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  	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.
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  	XL Capital Ltd
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  <I>
  	May 3, 2007
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  	By:
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  <I>
  	/s/ Kirstin Romann Gould
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  	Name: Kirstin Romann Gould
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  	Title: Secretary
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_20005.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10549}]
metadata_filer: {"company-data": {"conformed-name": "XL CAPITAL LTD", "cik": "0000875159", "assigned-sic": "6351", "irs-number": "980191089", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10804", "film-number": "07812938"}, "business-address": {"street1": "XL HOUSE", "street2": "ONE BERMUDIANA ROAD", "city": "HAMILTON HM11 BERMUD", "state": "D2", "phone": "4412928515"}, "mail-address": {"street1": "CAHILL GORDON & REINDEL(IMMANUEL KOHN)", "street2": "80 PINE STREET", "city": "NEW YORKI", "state": "NY", "zip": "10005"}, "former-company": {"former-conformed-name": "EXEL LTD", "date-changed": "19950720"}}
text: XL Capital Ltd (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  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):
  April 27, 2007
  XL Capital Ltd
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Cayman Islands
  1-10804
  98-0191089
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  XL House, One Bermudiana Road, Hamilton, Bermuda
  HM11
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (441) 292-8515
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  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))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On April 27, 2007, at a meeting of the Board of Directors (the "Board") of XL Capital Ltd (the "Company"), the Board approved the following increases in the compensation payable to non-employee members of the Board:
  (i)  the annual cash retainer fee for the Audit Committee Chairman was increased from $12,000 to $15,000;
  (ii) the annual cash retainer fee for all other Committee Chairmen was increased from $5,000 to $10,000; and
  (iii) the annual cash retainer fee for members of the Audit Committee (other than the Audit Committee Chairman) was increased from $5,000 to $7,500.
  At that meeting, the Board approved to continue all other compensation payable to non-employee members of the Board, other than as set forth in the next paragraph below. The terms of such compensation are set forth in the Company's Annual Proxy Statement dated March 19, 2007, filed on Schedule 14A (the "Proxy Statement"). In addition, the Board approved for each non-employee member of the Board, an award of 1,000 shares of restricted stock, and 2,500 stock options at an exercise price of $78.19 per share.
  The Board also approved (i) an annual retainer fee of $30,000 payable to the independent director selected by the independent directors to act as the presiding director (the "Lead Director") at executive sessions of non-management directors and independent directors (payable from September 2006 when the Lead Director was selected to become the Lead Director);  and (ii) an amendment to the Company's Directors Stock & Option Plan, as amended and restated (the "Directors Plan") (and as described further in the Company's Proxy Statement), to eliminate the ability of non-employee members of the Board to elect to defer all or part of their annual cash retainer fee in exchange for share units equal to 110% of the amount of cash compensation such members elected to defer. Non-employee members of the Board will still be permitted to elect to defer all or a portion of their annual cash retainer fee in exchange for share units equal to 100% of the amount of cash compensation such members elected to defer in accordance with the Directors Plan, as so amended.
  The above-referenced compensation, which was effective upon approval by the Board, was recommended to the Board by the Nominating & Governance Committee.
  Top of the Form
  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.
  XL Capital Ltd
  May 3, 2007
  By:
  /s/ Kirstin Romann Gould
  Name: Kirstin Romann Gould
  Title: Secretary