Chubb Ltd — Director's Dealing 2012

Nov 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2012-11-01

Reporting Person: ATIEH MICHAEL G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-01	Common Shares	M	4000	$34.45	Acquired	43715.01	Direct
2012-11-01	Common Shares	S	4000	$78.90	Disposed	40094.43	Direct
2012-11-01	Common Shares	G	2000	—	Disposed	38094.43	Direct
2012-11-01	Common Shares	G	2000	—	Disposed	341	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-01	Options to Acquire	$34.35	M	4000	Disposed	2013-05-15	Common Shares (4000)	Direct

Footnotes

F1: The Common Stock reported herein as being sold were sold at a range of between $78.89 and $78.91 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: Total includes 379.42 shares credited at various times between August 2012 and November 2012 to the reporting person's deferred stock account pursuant to the dividend reinvestment provisions of the ACE Limited 2004 Long-Term Incentive Plan which meets the requirements of Rule 16b-3.

F3: Total includes, prior to the gift reported in this row, 806 shares acquired at various times between August 1, 2002 and October 19, 2012 pursuant to the ACE Limited dividend reinvestment plan.

F4: The stock options vested in equal installments on the date prior to each of the 2004, 2005 and 2006 ACE Limited annual shareholder meetings.