ACE Limited Refreshes Stock Repurchase Program for Incentive Plan Dilution

The Board of Directors of ACE Limited

today declared a quarterly dividend equal to $0.35 payable on October 21, 2011, to shareholders of record at the close of business on September 30, 2011. Dividend payments will be made in United States dollars (

) by the company's transfer agent. This will be the second installment as approved by the company's shareholders on May 18, 2011. The company also announced its Board of Directors refreshed its previously-announced stock repurchase program, setting the authorized amount at an aggregate $500 million of ACE's common shares through December 31, 2012. The company has repurchased approximately $400 million of shares to-date under its $600 million stock repurchase program announced in November 2010, and this action is intended to add $300 million to the authorization.