Chubb Ltd — Director's Dealing 2010

Oct 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2010-10-13

Reporting Person: Dowd Brian Edward (Vice Chairman, ACE Limited*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-13	Common Shares	M	8500	$36.30	Acquired	187500.79	Direct
2010-10-13	Common Shares	S	8500	$60	Disposed	179000.79	Direct
2010-10-13	Common Shares	S	3600	$60	Disposed	175400.79	Direct
2010-10-14	Common Shares	S	6400	$60	Disposed	169000.79	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-13	Options to Acquire	$36.30	M	8500	Disposed	2011-02-22	Common Shares (8500)	Direct

Footnotes

F1: The transaction was effected pursuant to a plan adopted under Rule 10b5-1.

F2: The Common Shares of ACE Limited sold by the reporting person and reported herein were sold at a range of between $60.00 and $60.03 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.

F3: The stock options vested in equal installments on the first, second and third anniversaries of the award.