EXHIBIT 23.2

                      [CAHILL GORDON & REINDEL Letterhead]


                                January 17, 2002

                                                             (212) 701-3000

XL Capital Ltd
XL House
One Bermudiana Road
Hamilton HM 11
Bermuda

Ladies and Gentlemen:

     We have acted as special  United States counsel to XL Capital Ltd, a Cayman
Islands  limited  liability  company  (the  "Company")  in  connection  with the
preparation  of the  Registration  Statement  on Form S-3 to be  filed  with the
Securities and Exchange  Commission (the  "Commission")  on the date hereof (the
"Registration  Statement") registering Class A Ordinary Shares of the Company to
be sold pursuant to the terms of the Company's  Dividend  Reinvestment and Share
Purchase Plan.

     We  hereby  consent  to the  reference  to  our  firm  in the  Registration
Statement under the caption  "Certain Tax  Considerations".  Our consent to such
reference does not  constitute a consent under Section 7 of the Securities  Act,
as in  consenting  to such  reference  we have  not  certified  any  part of the
Registration  Statement  and do not  otherwise  come  within the  categories  of
persons whose consent is required under Section 7 of the Securities Act or under
the rules and regulations of the Commission thereunder.

                                                       Very truly yours,



                                                       Cahill Gordon & Reindel