News Releases

ACE Limited Announces Planned Issuance of $300 Million Senior Notes by Subsidiary
Feb 8, 2008

HAMILTON, Bermuda--(BUSINESS WIRE)--ACE Limited (NYSE:ACE) announced today that, subject to market conditions, its subsidiary, ACE INA Holdings Inc., intends to sell up to $300 million of senior notes. The notes will be fully and unconditionally guaranteed by ACE Limited.

The net proceeds from the sale of the senior notes will be used to pay a portion of the purchase price for ACEs acquisition of Combined Insurance Company of America. The acquisition is expected to close in the first half of 2008.

The sole book-running manager for the proposed offering is Banc of America Securities LLC.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities, nor will there be any sale of the senior notes or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus, a copy of which may be obtained from Banc of America Securities LLC by directing a request for the same to Banc of America Securities LLC, Prospectus Department, NY1-509-03-22, 100 West 33rd Street, 3rd Floor, New York, New York 10001. Alternatively, the prospectus may be obtained by visiting EDGAR on the SEC Web site at www.sec.gov.

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

Contact:

ACE Limited, Hamilton
Investor Contact:
Helen M. Wilson, 441-299-9283
helen.wilson@ace.bm
or
Media Contact:
Robert T. Grieves, 212-827-4444
robert.grieves@ace-ina.com


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