Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Robert Cusumano, ACE Limited ("ACE") General Counsel, has informed ACE of his intention to leave ACE by the end of the year to pursue other interests. The effective date of Mr. Cusumano's leaving has not been determined. To assure a smooth transition, Mr. Cusumano will remain in his current position until a successor to the general counsel position is appointed.

"Bob has contributed significantly to the company, including the building of a first-class legal organization that effectively serves our businesses around the world," said Evan Greenberg, Chairman and CEO. "Over the years I have personally depended on Bob for his counsel and wisdom on diverse and important legal matters. I respect Bob's decision to move on to the next chapter in his life and wish him all the best in his future endeavors."

"For eight years, I have had the privilege of representing one of the most dynamic companies in the world, and leading one of the best legal departments anywhere," said Bob. "I've enjoyed the challenge of it, and the spirit of our people, and the ideas that we made real. Most of all, it has been an honor to work with so many brilliant and committed colleagues, from our senior management and our Board, to our lawyers and compliance professionals, to our staff all around the world."

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