Chubb Ltd — Director's Dealing 2014

Oct 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACE Ltd (ACE)
CIK: 0000896159
Period of Report: 2014-10-28

Reporting Person: BOROUGHS TIMOTHY ALAN (Chief Investment Officer*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-28	Common Shares	M	25000	$56.4	Acquired	166455	Direct
2014-10-28	Common Shares	S	25000	$108.64	Disposed	141455	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-28	Options to Acquire	$56.4	M	25000	Disposed	2016-02-22	Common Shares (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	3335	Indirect

Footnotes

F1: These shares were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

F2: The Common Stock reported herein as being sold were sold at a range of between $108.45 and $108.92 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.

F3: The stock options became fully vested on February 22, 2011.

F4: All of the options in this tranche have been exercised. Total includes options from other tranches with different exercise prices, vesting dates and expiration dates.