The Board of Directors of ACE Limited (NYSE: ACE) today declared a quarterly dividend of 23 cents per ordinary share, payable on October 14, 2005 to shareholders of record at the close of business on September 30, 2005.

The Board of Directors also declared a dividend of $4.875 per Series C 7.80% Cumulative Redeemable Preferred Share, payable on September 1, 2005 to shareholders of record at the close of business on August 31, 2005. This translates to 48.75 cents per Depositary Share.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, a component of the Standard & Poor’s 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com.

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