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GENEVA, Switzerland--(BUSINESS WIRE)--European Risk Managers attending the FERMA (Federation of European Risk Managers) Congress in Geneva have helped ACE European Group (ACE)(NYSE:ACE) to raise over $40,000 (€30,000) for a Red Cross HIV/ AIDS educational programme in India.

ACE Foundation- International contributed €200 for each Risk Manager who attended ACE’s charity reception at the Red Cross museum in Geneva on 1^st October. The full contribution will support the Red Cross’s life saving work increasing awareness of HIV/AIDS among young people in India’s Northern State of Utter Pradesh.

Andrew Kendrick, Chairman and Chief Executive Officer, ACE European Group said: “I would like to extend our heartfelt thanks to every risk manager who attended last night’s event, enabling us to make this substantial contribution to the Red Cross’s valuable work. Funding for this project is a priority for the Red Cross so every Euro raised will contribute directly to saving lives.”

Notes to editors:

The Red Cross HIV/AIDS education in India programme

India has recently been officially recognised as the country with the highest number of people living with HIV and AIDS at 5.7 million (UNAIDS 2006). The disease is rapidly growing across the sub continent and young people are especially at risk, with over one-third of those infected aged between 15 and 24 years old.

It is estimated that the disease will kill more people worldwide this decade than all the wars and disasters of the past 50 years (UNAIDS report 2006).

The HIV and AIDS education in India project aims to increase knowledge and awareness of the virus among young people through the proven ‘youth peer education’ approach. This is where young people are recruited from schools and colleges for training at Red Cross workshops. They will then hold educational sessions in schools, clubs, colleges and other places where young people are present. This type of peer education has proved extremely effective in helping to increase knowledge, change behaviour, lessen risks of infection and counter discrimination.

ACE

ACE European Group has established branch offices in 19 countries across Europe, Freedom of Services permission to provide insurance services to clients in 30 European countries and affiliates in Egypt, Bahrain, Pakistan, Russia and South Africa.

Part of the ACE Group of Companies, ACE European Group comprises the operations of ACE Europe, ACE Global Markets and ACE Tempest Re Group. ACE Europe provides a range of tailored Property and Casualty, Accident and Health and Personal Lines solutions for a diverse range of clients. ACE Global Markets (AGM) is ACE’s specialty international business, underwriting through ACE’s Lloyd’s Syndicate 2488 and ACE European Group Limited. Specialty lines include excess and surplus lines business, Marine, Aviation, Energy and Political Risk as well as Property, Financial Lines and Accident and Health. Additional information on ACE European Group can be found at www.aceeuropeangroup.com.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the Standard & Poor’s 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com

ACE in the Community

ACE supports the communities around the world in which our employees live and work through its established ACE Foundations and through company-sponsored volunteer initiatives. As a company that provides significant financial support each year to organizations around the world, it’s no wonder that ACE employees share the same zeal for community outreach and charitable giving. ACE supports its employees in the volunteer activities where they live and work through a variety of initiatives aimed at increasing both time and financial contributions. We believe that positive contributions to the fabric of our communities return long-lasting benefits to society, our employees and our company.