UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
Current Report
 
Pursuant To Section 13 or 15 (d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) August 14, 2007
 
ACE LIMITED
(Exact name of registrant as specified in its charter)

Cayman Islands	 	1-11778	 	98-0091805	
(State or other jurisdiction
of incorporation)	 	(Commission File Number)	 	(I.R.S. Employer
Identification No.)	
 
ACE Global Headquarters
17 Woodbourne Avenue
Hamilton HM 08 Bermuda
(Address of principal executive offices)
 
Registrant’s telephone number, including area code: (441) 295-5200
 
Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
 
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 

 
Item 5.02    Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
 
(d) The Company appointed Leo Mullin as a director of the Company, effective August 14, 2007, to hold office until the next annual meeting of shareholders of the Company. There are no arrangements or understandings between Mr. Mullin and any other person pursuant to which he has been selected as a director.
 
Mr. Mullin has been appointed to the Audit Committee and Finance & Investment Committee of the Board of Directors.
 
The Company is entering into an indemnification agreement with Mr. Mullin in the form it has used for other directors and executive officers.
 
A copy of the press release announcing Mr. Mullin’s appointment is attached as Exhibit 99.1.

Item 9.01    Financial Statements and Exhibits.
 
 	(d)	Exhibits	

Exhibit
Number	  	Description	
		
99.1	  	Press Release dated August 14, 2007	

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

ACE LIMITED	
		
By:	 	/s/ Robert F. Cusumano	
	 	Robert F. Cusumano	
	 	General Counsel	
 
DATE: August 15, 2007

  
Exhibit 99.1

	 	ACE Limited
ACE Global Headquarters
17 Woodbourne Avenue
Hamilton HM 08
Bermuda
 	  	PO Box HM 1015
Hamilton HM DX
Bermuda
 
441 295-5200  main
441 292-8675 fax	 		
				
	 		  	www.acelimited.com	 		
 
FOR IMMEDIATE RELEASE

	  		  	Investor Contact:	 	Helen M. Wilson	
	  		  		 	(441) 299-9283
helen.wilson@ace.bm	
				
	  		  	Media Contact:	 	Robert T. Grieves	
	  		  		 	(212) 621-8684
robert.grieves@ace-ina.com	
 
LEO F. MULLIN JOINS ACE LIMITED BOARD OF DIRECTORS
 
HAMILTON, Bermuda — August 14, 2007 — ACE Limited (NYSE: ACE) announced today that Leo F. Mullin has been elected to its Board of Directors, effective immediately.
 
Between 1997 and 2004 Mr. Mullin was associated with Delta Air Lines where he was separately and concurrently Chairman, President and Chief Executive Officer. From 1995 to 1997 Mr. Mullin held the position of Vice Chairman of Unicom Corporation. Previously, Mr. Mullin served as President and Chief Operating Officer of First National Bank of Chicago and he has held senior positions with Consolidated Rail Corp. and McKinsey & Company. Since 2004, Mr. Mullin has served on a part time basis as a senior advisor to Goldman Sachs Capital Partners.
 
Mr. Mullin also currently serves as a director of Johnson & Johnson.
 
Evan Greenberg, Chairman and Chief Executive Officer of ACE Limited, stated: “We are honored to welcome Leo Mullin to the Board of Directors of ACE. Leo has a broad and impressive record of accomplishment in the banking, transportation and energy industries. I’m confident given his deep knowledge and experience that Leo will make a significant contribution toward the governance of ACE.”
 
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, a component of the Standard & Poor’s 500 stock index, the ACE Group of Companies conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com .

 
 
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