ACE Opens Offices in Hungary and Czech Republic

ACE European Group (ACE) (NYSE:ACE) has announced the opening of
two new offices in Budapest and Prague as the company further expands
its presence within Central and Eastern Europe.

ACE's Hungarian operation will be run by Peter Dudas who has been
appointed General Manager for the country. Peter joins ACE from
Genworth Financial where he was the Country Manager for Hungary.

Jiri Schneller has been appointed as General Manager to run ACE's
Czech Republic operation. Based in Prague he will also be responsible
for the company's activity in Slovakia. Jiri joins ACE from Winterthur
Life Insurance Company where he was Head of External Service.

Both Peter and Jiri will report to ACE's Regional Director for
Central and Eastern Europe - Andras Koppanyi, who said: "Our new
operations in the Czech Republic and Hungary will complement our
existing CEE offices in Poland and Russia, enabling ACE to capitalize
on strategic opportunities as the region continues to develop."

Announcing the openings, David Furby, ACE's President of
Continental Europe and the CEE region said: "These new offices
represent a very exciting time for ACE as we extend our operations
across Europe. With a large global network behind it, ACE now has
presence in 19 European countries, demonstrating our commitment to the
local market.

"Peter and Jiri will provide both operational and strategic
leadership in their respective countries. They will be responsible for
the launch of both property and casualty and accident and health
business lines in Hungary, Czech Republic and Slovakia and will work
to explore other potential opportunities."

Notes to editors:

ACE

ACE European Group has established branch offices in 19 countries
across Europe, Freedom of Services permission to provide insurance
services to clients in 29 EEA countries and affiliates in Egypt,
Bahrain, Pakistan and Russia.

Part of the ACE Group of Companies, ACE European Group comprises
the operations of ACE Europe, ACE Global Markets and ACE Tempest Re
Group. ACE Europe provides a range of tailored Property and Casualty,
Accident and Health and Personal Lines solutions for a diverse range
of clients. ACE Global Markets (AGM) is ACE's specialty international
business, underwriting through ACE's Lloyd's Syndicate 2488 and ACE
European Group Limited. 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 ACE European Group can be found at
www.aceeuropeangroup.com.

The ACE Group of Companies is a global leader in insurance and
reinsurance serving a diverse group of clients. Headed by ACE Limited
(NYSE:ACE), 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