Chubb Ltd — Director's Dealing 2012

Sep 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2012-09-06

Reporting Person: BANCROFT PHILIP V (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-06	Common Shares	M	42745	$27.57	Acquired	263030	Direct
2012-09-06	Common Shares	S	42745	$74.92	Disposed	220285	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-06	Options to Acquire	$27.57	M	42745	Disposed	2013-02-27	Common Shares (42745)	Direct

Footnotes

F1: The Common Shares sold by the Reporting Person and reported herein were sold at a range of $74.89 and $74.965 per share. The sale price reported above represents the weighted sale price for the reported transaction and has been rounded to the nearest cent.

F2: The options vested as follows: 1/3 on the first anniversary date of the award, 1/3 on the second anniversary date of the award, and 1/3 on the third anniversary date of the award.

F3: Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.