News Releases

ZURICH, Switzerland--(BUSINESS WIRE)--The Board of Directors of ACE Limited (NYSE:ACE) today declared a quarterly dividend of 0.30 Swiss Francs (CHF) per common share, payable on January 12, 2009, to shareholders of record at the close of business on December 17, 2008, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made by the company’s transfer agent in U.S. Dollars (USD) converted at the USD/CHF exchange rate shortly before the payment date. The CHF 0.30 dividend would be equivalent to USD 0.24 per common share based on the exchange rate as of November 19, 2008. Due to potential currency translation movements, the USD amount shareholders will actually receive may be more or less than the amount stated above.

On July 14, 2008, the shareholders of the company approved a reduction to par value equal to CHF 0.90 per common share in the aggregate (equivalent at the time to USD 0.87 per common share), to be paid in three equal quarterly installments of CHF 0.30 (each equivalent at the time to USD 0.29 per common share). The quarterly dividend described above will be the second of these installments. The company’s par value is currently CHF 33.44 per share, and following this reduction the par value per share will be CHF 33.14. It is the company’s intention to recommend to the shareholders each year the payment of dividends based on USD amounts that the company and the Board of Directors believe to be appropriate. Pursuant to the current shareholder approval, quarterly payments may vary in USD based on relative currency movements, while the CHF 0.30 amount is fixed.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, 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.