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PHILIP BANCROFT OF ACE LIMITED TO PRESENT AT THE BANK ONE INSURANCE COMPANY INVESTOR CONFERENCE

HAMILTON, Bermuda, December 2, 2003 - ACE Limited (NYSE: ACE) announced today that Philip Bancroft, Chief Financial Officer of ACE Limited, is scheduled to present at the Bank One Insurance Company Investor Conference in New York on Thursday, December 4, 2003 at 12.00 p.m. Eastern Standard Time.

The presentation will be available via live and archived webcasts at www.acelimited.com. Please refer to the ACE Limited website in the Investor Information section under Calendar of Events for details. The archived webcast will be available until December 18, 2003. You may also access the webcasts at http://www.corporate-ir.net/media_files/event/2003/dec/BankOne/bankone.htm.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. A component of the Standard & Poor's 500 stock index, The ACE Group conducts its business on a worldwide basis with operating subsidiaries in nearly 50 countries. Additional information can be found at:http://www.acelimited.com.

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Helen Wilson
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