News Release

ACE Names Les Forrest Managing Director for Its Life Insurance Business in Egypt
Feb 1, 2010

CAIRO--(BUSINESS WIRE)--ACE (NYSE:ACE) has announced the appointment of Les Forrest as Managing Director of its Egypt life insurance business, which operates as ACE Life.

Based in the Cairo, Mr Forrest will report to Budy Kubursi, Managing Director of ACE Life’s Middle East and North Africa region.

Commenting on the appointment, Mr Kubursi said: "The MENA region is strategically significant for the future growth of ACE Life and Les’ appointment will help drive the growth of our business in Egypt. He will look at how to build on the multiple product lines we already offer from individual risk, savings and unit linked products to group life and medical.”

Mr Forrest joins ACE Life in Egypt from his previous role as Vice President of Agency Training and Development for ACE Life in Thailand. He has over 25 years of experience in the Life Insurance business having worked in the UK, Hong Kong, Vietnam and India, predominantly for Prudential Plc and AIG.

Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), 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

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Contact:

ACE Communications Manager
Katie Weeks
+44 (0)207 173 7585
katie.weeks@acegroup.com