ACE Limited Increases Quarterly Dividend

Business Wire, May 15, 2008

HAMILTON, Bermuda -- The Board of Directors of ACE Limited (NYSE:ACE) today voted to increase the quarterly dividend to 29 cents per ordinary share from 27 cents per ordinary share, payable on July 11, 2008 to shareholders of record at the close of business on June 30, 2008.

The Board of Directors also declared a dividend of $4.875 per Cumulative Redeemable Preferred Series C Share, payable on June 1, 2008 to shareholders of record at the close of business on May 31, 2008. This translates to 48.75 cents per Depositary Share.

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 & Poor's 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.