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Ace Limited To Hold Its Fourth Quarter, Year-End Earnings Conference Call On Thursday, Feb. 5, 2004

HAMILTON, Bermuda: January 16, 2004 - ACE Limited (NYSE: ACE) will hold its fourth quarter, year-end earnings conference call on Thursday, February 5, 2004, beginning at 8:30 a.m. EST. ACE expects to issue its fourth quarter, year-end earnings release and financial supplement after 5:00 p.m. EST on Wednesday, February 4, 2004. A copy of these documents will be available promptly following such issuance in the Investor Information section of the Company's website located at http://www.acelimited.com.

The earnings conference call will be available via live and archived webcast at http://www.acelimited.com or by dialing 1﷓973-582-2745. Please refer to the ACE Limited website in the Investor Information section under Calendar of Events for details. A replay of the call will be available from Thursday, February 5, 2003 until Thursday, February 19, 2004 at 5:00 p.m. EST. To listen to the replay dial: 1-877-519-4471 (in the United States) or 1-973-341-3080 (internationally); passcode 4434407.

The conference call, webcast 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 is a global leader in insurance and reinsurance serving a diverse group of clients. A component of the Standard & Poor's 500 stock index, The ACE Group conducts its business on a worldwide basis with operating subsidiaries in nearly 50 countries. Additional information can be found at http://www.acelimited.com.