Chubb Ltd — Director's Dealing 2013

Mar 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2013-03-07

Reporting Person: BANCROFT PHILIP V (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-07	Common Shares	M	30000	$43.56	Acquired	257136	Direct
2013-03-07	Common Shares	S	27705	$86.75	Disposed	229431	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-07	Options to Acquire	$43.56	M	30000	Disposed	2014-02-25	Common Shares (30000)	Direct

Footnotes

F1: The Common Shares reported herein as being sold were sold at a range of between $86.63 and $86.87 per share. The sale price reported above represents a weighted average 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.