Chubb Ltd — Director's Dealing 2011

Oct 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2011-10-27

Reporting Person: GREENBERG EVAN G (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-27	Common Shares	M	8241	$36.4	Acquired	640794	Direct
2011-10-27	Common Shares	M	91759	$36.4	Acquired	732553	Direct
2011-10-27	Common Shares	S	57157	$71.21	Disposed	675396	Direct
2011-10-27	Common Shares	S	5415	$72.05	Disposed	669981	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-27	Options to Acquire	$36.4	M	8241	Disposed	2011-11-15	Common Shares (8241)	Direct
2011-10-27	Options to Acquire	$36.4	M	91759	Disposed	2011-11-15	Common Shares (91759)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	18648	Indirect
Common Shares	18648	Indirect
Common Shares	154	Indirect
Common Shares	18247	Indirect

Footnotes

F1: The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $70.88 and $71.8224 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.

F2: The Common Shares sold by the Reporting Person and reported herein were sold at a range of between $72.005 and $72.14 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.

F3: The stock options vested in equal installments on November 15, 2002, November 15, 2003 and November 15, 2004.

F4: Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.