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ACE Limited Announces Increase in Quarterly Dividend

15 15 2003

HAMILTON, Bermuda, 15 May 2003 - The Board of Directors of ACE Limited (BSX: ACL.BH ;NYSE: ACE) today voted to increase the quarterly dividend to 19 cents per ordinary share from 17 cents per ordinary share, payable on July 14, 2003, to shareholders of record at the close of business on June 30, 2003.

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: http://www.acelimited.com.

CONTACT: ACE Limited, Hamilton

Investor Contact:

Helen M. Wilson, 441/299-9283

Media Contact: Lilla Zuill, 441/278-6616