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ACE Limited Board Will Recommend 4% Dividend Increase to Shareholders at 2013 Annual General Meeting; Declares First Quarter



  ACE Limited Board Will Recommend 4% Dividend Increase to Shareholders at
  2013 Annual General Meeting; Declares First Quarter Dividend

Business Wire

ZURICH -- February 28, 2013

The Board of Directors of ACE Limited (NYSE: ACE) announced today that it will
recommend to shareholders at the company’s 2013 Annual General Meeting a 4%
increase in its quarterly dividend. The proposal calls for a $2.04 annual
dividend, payable in four installments of $0.51 per quarter, compared to the
current quarterly dividend amount of $0.49. The formula for determining the
Swiss francs amount for quarterly installments will be described in the
company’s Proxy Statement that will be distributed in advance of the Annual
General Meeting, scheduled for May 16, 2013.

The Board of Directors also declared a quarterly dividend equal to $0.49
payable on April 12, 2013, to shareholders of record at the close of business
on March 28, 2013, subject to a required filing with the Swiss Commercial
Register. Dividend payments will be made in United States dollars (USD) by the
company’s transfer agent. The company’s par value is currently 28.89 Swiss
francs (CHF) per share, and in connection with this dividend installment, the
par value per share will be reduced on the record date by the CHF equivalent
of $0.49 based on the USD/CHF rate published on March 22, 2013. This will be
the fourth of four par value reduction installments as approved by the
company’s shareholders on May 16, 2012.

The ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 53 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and supplemental
health insurance, reinsurance and life insurance to a diverse group of
clients. ACE Limited, the parent company of the ACE Group, is listed on the
New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.
Additional information can be found at: www.acegroup.com.

Cautionary Statement Regarding Forward-Looking Statements:

Forward-looking statements made in this press release, such as statements
regarding ACE’s Annual General Meeting and dividends, reflect the company’s
current views with respect to future events and are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Such statements involve risks and uncertainties, which may cause actual
results to differ materially as set forth in these statements. For example,
the dividend increase is subject to shareholder approval, and dividend
payments could be affected by extraordinary currency fluctuations leading to
reduction in the USD value of the dividend pursuant to the dividend cap
approved by the company’s shareholders. Further, the record date could be
affected by delay in filing or acceptance of filing of the necessary
amendments to the company’s Articles of Association which makes the record
date official. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on which they are
made.

Contact:

ACE Limited
Investor Relations:
Helen M. Wilson, 441-299-9283
helen.wilson@acegroup.com
or
Media Relations:
Stephen M. Wasdick, 212-827-4444
stephen.wasdick@acegroup.com
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