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Chubb Ltd Director's Dealing 2012

May 18, 2012

29852_dirs_2012-05-18_caa900cc-1922-43ab-b281-50d2abe78ec7.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: 2012-05-16

Reporting Person: MENIKOFF PETER (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-05-16 Common Shares A 3056 Acquired 57605.738 Direct
2012-05-16 Common Shares F 829 $75.26 Disposed 57877.008 Direct

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 1,100.27 shares credited at various times between July 2011 and April 2012 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.