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ACE Limited Announces Pricing of $700 Million Senior Note Offering by Subsidiary

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  Published in Business and Finance on Thursday, November 18th 2010 at 13:15 GMT by Market Wire
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ZURICH--([ BUSINESS WIRE ])--ACE Limited (NYSE: ACE) announced today that its subsidiary, ACE INA Holdings Inc., has agreed to sell $700 million of 2.6% Senior Notes due November 2015. The notes are guaranteed by ACE Limited. This represents a $200 million increase over the previously-announced planned offering size, due to demand level.

The net proceeds from the sale of the senior notes will be used to refinance existing and maturing indebtedness.

The lead underwriters and joint book-running managers for the offering are Morgan Stanley & Co. Incorporated, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities, nor will there be any sale of the senior notes or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus supplement and accompanying prospectus, a copy of which may be obtained from: Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department, or by calling 1-866-718-1649; Deutsche Bank Securities Inc., Harborside Financial Center, 100 Plaza One, Floor 2, Jersey City, New Jersey 07311-3901 or by calling 1-800-503-4611 or by e-mailing [ prospectus.cpdg@db.com ] , or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attention: Syndicate Operations, or by calling 1-800-326-5897 or by e-mailing [ prospectus.specialrequests@wachovia.com ]. Alternatively, the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the SEC Web site at [ www.sec.gov ].

Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries.