Chubb Ltd — Director's Dealing 2010

Sep 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2010-09-15

Reporting Person: MENIKOFF PETER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-15	Common Shares	M	4000	$35.25	Acquired	58862.808	Direct
2010-09-15	Common Shares	S	4000	$57.62	Disposed	54862.808	Direct
2010-09-15	Common Shares	M	2000	$35.25	Acquired	56862.808	Direct
2010-09-15	Common Shares	S	2000	$57.62	Disposed	54862.808	Direct
2010-09-15	Common Shares	M	4000	$33.39	Acquired	58862.808	Direct
2010-09-15	Common Shares	S	4000	$57.62	Disposed	54862.808	Direct
2010-09-15	Common Shares	M	4000	$34.45	Acquired	58862.808	Direct
2010-09-15	Common Shares	S	4000	$57.62	Disposed	54862.808	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-15	Options to Acquire	$35.25	M	4000	Disposed	2011-05-11	Common Shares (4000)	Direct
2010-09-15	Options to Acquire	$35.25	M	2000	Disposed	2011-05-11	Common Shares (2000)	Direct
2010-09-15	Options to Acquire	$33.39	M	4000	Disposed	2012-05-16	Common Shares (4000)	Direct
2010-09-15	Options to Acquire	$34.45	M	4000	Disposed	2013-05-15	Common Shares (4000)	Direct

Footnotes

F1: The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $57.60 and $57.63 per share. The sale price reported above represents the weighted average sale price for the reported transactions and has been rounded to the nearest cent.

F2: Upon request by the U.S. Securities and Exchange Commission staff, the issuer or a security holder, full information regarding the number of shares sold at each separate price will be provided.

F3: The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $57.61 and $57.63 per share. The sale price reported above represents the weighted average sale price for the reported transactions and has been rounded to the nearest cent.

F4: The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $57.60 and $57.62 per share. The sale price reported above represents the weighted average sale price for the reported transactions and has been rounded to the nearest cent.

F5: The stock vested in equal installments on the date prior to each of the 2002, 2003 and 2004 ACE Limited annual shareholder meetings.

F6: The stock vested in equal installments on the date prior to each of the 2003, 2004 and 2005 ACE Limited annual shareholder meetings.

F7: The stock vested in equal installments on the date prior to each of the 2004, 2005 and 2006 ACE Limited annual shareholder meetings.