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ACE Limited Announce Plans to Webcast its Third Quarter Earnings Conference Call

HAMILTON, Bermuda, 31 October 2000 - ACE Limited (NYSE:ACL) plans to host a live webcast of their third quarter earnings conference call on Wednesday, November 1, 2000, beginning at 9:30 a.m. EST.

The public may access the webcast, which is available on a listen-only basis, through the Internet at www.acelimited.com. Individuals who access the webcast will be asked to identify themselves and their affiliations. A replay of the webcast will be available starting on Wednesday, November 1, 2000 at approximately 2

hours following the webcast until November 8, 2000 at 11:30 p.m. EST.

The webcast of the conference call and its content thereof, and any tape, broadcast, or publication by ACE Limited are the sole, copyrighted property of ACE Limited and may not be copied, taped, rebroadcast, or published in whole or in part without the express written consent of ACE Limited.

The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries. Additional information can be found at: www.acelimited.com.

CONTACT: ACE Limited, Hamilton

Investor Contact:

Helen M. Wilson, 441/299-9283

or

Media Contact:

Wendy Davis Johnson, 441/299-9347