ACE Appoints Giles Ward Director, Middle East and North Africa Region

Mr Ward joins ACE from AXA Affin General Insurance Bhd in Malaysiawhere he was President/CEO since 2001. He has worked in the insuranceindustry for over 17 years, 12 of which he has been based in SouthEast Asia, so he has a very good understanding of the dynamics ofoperating across countries as culturally diverse as Malaysia,Thailand, the Philippines and Indonesia.

"We welcome Giles to the ACE organisation," said John Keogh, ChiefExecutive Officer of ACE Overseas General. "Giles brings with himconsiderable international experience of managing an insurance companyin emerging markets. He will have key responsibility for theimplementation, coordination and delivery of our business expansionplans, both in existing operations and the development of new accidentand health and property and casualty business opportunities.

"Giles joins ACE at an exciting time for the company as we expandour presence in the MENA region and look for further opportunities inthe Gulf Cooperation Council (GCC) countries. ACE has had a presencein countries such as Saudi Arabia and Pakistan for over thirty yearsand set up life and non life operations in Egypt in 2001. Our newBahrain office demonstrates ACE's commitment to the MENA region andstrengthens our ability as a truly global organisation."

Note to Editors

The ACE European Group comprises the operations of ACE Europe, ACEGlobal Markets and ACE Tempest Re Group. With an established presencein 16 countries across Europe and Freedom of Services permissions tooperate in 27 European countries, ACE Europe provides a range oftailored Property and Casualty, Accident and Health and Personal Linessolutions for a diverse range of clients. ACE Global Markets (AGM) isACE's specialty international business, underwriting through ACE'sLloyd's Syndicate 2488 and UK registered company ACE European GroupLimited. Specialty lines include excess and surplus lines business,Marine, Aviation, Energy and Political Risk as well as Property,Financial Lines and Accident and Health. Additional information on ACEEuropean Group can be found at www.aceeuropeangroup.com.

The ACE Group of Companies is a global leader in insurance andreinsurance serving a diverse group of clients. Headed by ACE Limited(NYSE:ACE), a component of the Standard & Poor's 500 stock index, theACE Group conducts its business on a worldwide basis with operatingsubsidiaries in more than 50 countries. Additional information can befound at: www.acelimited.com