Chubb Ltd — Director's Dealing 2010

Sep 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2010-09-17

Reporting Person: HERNANDEZ ROBERT M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-17	Common Shares	M	4000	$35.25	Acquired	29554.724	Direct
2010-09-17	Common Shares	S	4000	$57.98	Disposed	25554.724	Direct
2010-09-17	Common Sares	M	2000	$35.25	Acquired	27554.724	Direct
2010-09-17	Common Shares	S	2000	$57.98	Disposed	25554.724	Direct
2010-09-17	Common Shares	M	4000	$33.39	Acquired	29554.724	Direct
2010-09-17	Common Shares	S	4000	$57.98	Disposed	25554.724	Direct
2010-09-17	Common Shares	M	4000	$34.45	Acquired	29554.724	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-17	Options to Acquire	$35.25	M	4000	Disposed	2011-05-11	Common Shares (4000)	Direct
2010-09-17	Options to Acquire	$35.25	M	2000	Disposed	2011-05-11	Common Shares (2000)	Direct
2010-09-17	Options to Acquire	$33.39	M	4000	Disposed	2012-05-16	Common Shares (4000)	Direct
2010-09-17	Options to Acquire	$34.45	M	4000	Disposed	2013-05-15	Common Shares (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	46056	Indirect

Footnotes

F1: The stock vested in equal installments on the date prior to each of the 2002, 2003 and 2004 ACE Limited annual shareholder meetings.

F2: The stock vested in equal installments on the date prior to each of the 2003, 2004 and 2005 ACE Limited annual shareholder meetings.

F3: The stock vested in equal installments on the date prior to each of the 2004, 2005 and 2006 ACE Limited annual shareholder meetings.