Risk Managers at FERMA Help ACE Raise $40,000 for Red Cross Project

European Risk Managers attending the FERMA (Federation of European
Risk Managers) Congress in Geneva have helped ACE European Group
(ACE)(NYSE:ACE) to raise over $40,000 (EUR 30,000) for a Red Cross
HIV/ AIDS educational programme in India.

ACE Foundation- International contributed EUR 200 for each Risk
Manager who attended ACE's charity reception at the Red Cross museum
in Geneva on 1st October. The full contribution will support the Red
Cross's life saving work increasing awareness of HIV/AIDS among young
people in India's Northern State of Utter Pradesh.

Andrew Kendrick, Chairman and Chief Executive Officer, ACE
European Group said: "I would like to extend our heartfelt thanks to
every risk manager who attended last night's event, enabling us to
make this substantial contribution to the Red Cross's valuable work.
Funding for this project is a priority for the Red Cross so every Euro
raised will contribute directly to saving lives."

Notes to editors:

The Red Cross HIV/AIDS education in India programme

India has recently been officially recognised as the country with
the highest number of people living with HIV and AIDS at 5.7 million
(UNAIDS 2006). The disease is rapidly growing across the sub continent
and young people are especially at risk, with over one-third of those
infected aged between 15 and 24 years old.

It is estimated that the disease will kill more people worldwide
this decade than all the wars and disasters of the past 50 years
(UNAIDS report 2006).

The HIV and AIDS education in India project aims to increase
knowledge and awareness of the virus among young people through the
proven 'youth peer education' approach. This is where young people are
recruited from schools and colleges for training at Red Cross
workshops. They will then hold educational sessions in schools, clubs,
colleges and other places where young people are present. This type of
peer education has proved extremely effective in helping to increase
knowledge, change behaviour, lessen risks of infection and counter
discrimination.

ACE

ACE European Group has established branch offices in 19 countries
across Europe, Freedom of Services permission to provide insurance
services to clients in 30 European countries and affiliates in Egypt,
Bahrain, Pakistan, Russia and South Africa.

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

ACE in the Community

ACE supports the communities around the world in which our
employees live and work through its established ACE Foundations and
through company-sponsored volunteer initiatives. As a company that
provides significant financial support each year to organizations
around the world, it's no wonder that ACE employees share the same
zeal for community outreach and charitable giving. ACE supports its
employees in the volunteer activities where they live and work through
a variety of initiatives aimed at increasing both time and financial
contributions. We believe that positive contributions to the fabric of
our communities return long-lasting benefits to society, our employees
and our company.