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ACE Limited Announces Completion of Re-Domestication of Holding Company from Cayman Islands to Switzerland

Hamilton, Bermuda: 18 July 2008 -- ACE Limited announced today that it has completed the previously-announced re-domestication of the Company from the Cayman Islands to Zurich, Switzerland. ACE continues to be registered with the Securities and Exchange Commission (SEC) and prepare its financial statements in U.S. dollars and in accordance with U.S. GAAP reporting. Shareholders will continue to receive dividends in U.S. dollars, and the Company's common shares will continue to trade on the New York Stock Exchange under the ticker symbol "ACE."

At the ACE Annual General Meeting, held July 10 and 14, 2008, ACE's shareholders approved all proposals voted upon. The re-domestication became official following governmental filings made in the Cayman Islands and Switzerland, and the establishment of the holding company in Zurich. Certain corporate governance and other changes effected as part of the re-domestication, including new charter documents and the increase in the par value of common shares of the Company, are described in SEC filings on Form 8-K and the Company's proxy statement/prospectus dated May 30, 2008, available at http://www.sec.gov/Archives/edgar/data/896159/000119312508125338/d424b3.htm . The business of the ACE Group of Companies was not otherwise materially affected by the re-domestication.

"This is an historic day for ACE as we commence operations as a Swiss company," said Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited. "We are grateful to our shareholders, who understand the strategic wisdom of this move and overwhelmingly adopted all of our re-domestication proposals."

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, the ACE Group of Companies conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com.