News Releases

ZURICH, Switzerland--(BUSINESS WIRE)--The Board of Directors of ACE Limited (NYSE: ACE) announced today that they will recommend to shareholders at the 2011 Annual General Meeting a 6.1% increase in its dollar-denominated dividend, to $1.40 ($0.35 per quarter), compared to $1.32 approved in 2010. The formula for determining the Swiss francs (CHF) amount for quarterly installments will be described in the company’s Proxy Statement that will be distributed in advance of the Annual General Meeting, scheduled for May 18, 2011.

The Board of Directors also declared a quarterly dividend equal to $0.33 payable on April 22, 2011, to shareholders of record at the close of business on April 1, 2011, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in U.S. dollars (USD) by the company’s transfer agent. The company’s par value is currently CHF 30.57 per share, and in connection with this dividend installment, the par value per share will be reduced on the record date by the CHF equivalent of $0.33 based on the USD/CHF rate published on March 28, 2011. This will be the fourth of four par value reduction installments as approved by the company’s shareholders on May 19, 2010.

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), a component of the S&P 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.acegroup.com.

Cautionary Statement Regarding Forward-Looking Statements:

Forward-looking statements made in this press release, such as statements regarding dividends and record date, reflect the company’s current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, the company’s forward-looking statements about its dividend payments could be affected by extraordinary currency fluctuations leading to reduction in the USD value of the dividend pursuant to the dividend cap approved by the company’s shareholders and described in the company’s proxy statement dated April 5, 2010; or delay in filing or acceptance of filing of the necessary amendments to the company’s Articles of Association which makes the record date official. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.