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ACE Limited Increases Quarterly Dividend

09 June 2000

HAMILTON, Bermuda - June 9, 2000 - The Board of Directors of ACE Limited (NYSE:ACL) today voted to increase the quarterly dividend to 13 cents per ordinary share from 11 cents per ordinary share, an increase of 18 percent, payable on July 14, 2000 to shareholders of record at the close of business on June 30, 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.

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CONTACT: ACE Limited, Hamilton

Investor Contact:

Helen M. Wilson

441/299-9283

Media Contact:

Wendy Davis Johnson

441/299-9347

KEYWORD: NEW YORK

INDUSTRY KEYWORD: INSURANCE DIVIDEND