HAMILTON, Bermuda: 18 March, 2002--ACE Limited (NYSE:ACE, BSX:ACL.BH) announced today that it currently plans to sell up to $500 million of five-year senior notes. The lead underwriters for the proposed offering are Banc of America Securities LLC and J.P. Morgan Securities Inc.
The net proceeds from the sale of the senior notes will be used to repay outstanding debt and for general corporate purposes.