Chubb Ltd — Director's Dealing 2013

May 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2013-05-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-06	Common Shares	M	80000	$43.56	Acquired	1014517	Direct
2013-05-06	Common Shares	F	101802	$90.57	Disposed	912715	Direct
2013-05-06	Common Shares	M	100000	$41.50	Acquired	1012715	Direct
2013-05-07	Common Shares	F	27971	$90.72	Disposed	984744	Direct
2013-05-07	Common Shares	G	21980	—	Disposed	962764	Direct
2013-05-07	Common Shares	G	10990	—	Acquired	36255	Indirect
2013-05-07	Common Shares	G	10990	—	Acquired	36255	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-06	Options to Acquire Common Shares	$43.56	M	80000	Disposed	2014-02-25	Common Shares (80000)	Direct
2013-05-06	Options to Acquire Common Shares	$41.50	M	100000	Disposed	2014-05-27	Common Shares (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	154	Indirect
Common Shares	15823	Indirect

Footnotes

F1: Common Shares being withheld in order to pay tax liability.

F2: The Common Shares sold by the Reporting Person and reported herein were sold at a range of $90.43 and $90.67 per share. The sale price reported above represents the weighted average sale price for the reported transaction and have been rounded to the nearest cent.

F3: The Common Shares sold by the Reporting Person and reported herein were sold at a range of $90.47 and $90.88 per share. The sale price reported above represents the weighted average sale price for the reported transaction and have been rounded to the nearest cent.

F4: The stock options vested in equal installments on February 25, 2005, February 25, 2006 and February 25, 2007.

F5: Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.