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ACE Limited Declares Quarterly Dividend

Hamilton, Bermuda: 21 August 2000 - The Board of Directors of ACE Limited (NYSE: ACL, BSX: ACL.BH) today declared a quarterly dividend of 13 cents per ordinary share, payable on October 13, 2000 to shareholders of record at the close of business on September 29, 2000.

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.