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Chubb Ltd Director's Dealing 2011

May 20, 2011

29852_dirs_2011-05-20_bf4c657b-5036-4f46-a0e1-1b8ad00aa99d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2011-05-18

Reporting Person: HERNANDEZ ROBERT M (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-18 Common Shares A 2019 Acquired 31573.724 Direct
2011-05-18 Common Shares F 663 $69.35 Disposed 31372.264 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Sares 46056 Indirect

Footnotes

F1: Restricted stock award, granted as director fees under the ACE Limited 2004 Long-Term Incentive Plan (the "Plan"), which meets the requirements of Rule 16b-3. Such restricted stock will vest on the day prior to the next annual ACE Limited shareholders meeting, assuming the reporting person is a director of ACE Limited on such date.

F2: Common Shares being withheld in order to pay tax liability.

F3: Total includes 461.54 shares credited at various times between August 2010 and April 2011 to the reporting person's deferred stock account pursuant to the dividend reinvestment provisions of the Plan which meets the requirements of Rule 16b-3.