FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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                      	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

KELLNER LAWRENCE W	2. Issuer Name and Ticker or Trading Symbol

Chubb Ltd [ CB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)	
(Last)          (First)          (Middle)

CHUBB BUILDING, 17 WOODBOURNE AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY)

1/14/2016		
(Street)

HAMILTON, D0 HM 08
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person	

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1.Title of Security
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code
(Instr. 8)	4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)	
			Code	V	Amount	(A) or (D)	Price				
Common Shares  	1/14/2016  	 	A	  	601   (1)	A	  (2)	601  	D  	 	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code
(Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date	7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)	8. Price of Derivative Security
(Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					
Market Value Units  	$0.00  	1/14/2016  	 	A  	  	1750   (3)  	  	  (4)	  (4)	Common Shares  	1750  	  (5)	1750  	D  	 	
Deferred Stock Units  	$0.00  	1/14/2016  	 	A  	  	9122   (6)  	  	  (7)	  (7)	Common Shares  	9122  	  (5)	9122  	D  	 	

Explanation of Responses:	
(  1) 	Received in exchange for 1,000 shares of common stock of the Chubb Corporation ("Chubb") in accordance with the Agreement and Plan of Merger ("Merger Agreement") pursuant to which ACE Limited ("ACE") acquired Chubb and pursuant to the requirements of Rule 16b-3.	
(  2) 	Pursuant to the Merger Agreement, each share of Chubb common stock was converted into 0.6019 ACE common shares and $62.93 in cash.	
(  3) 	Received in exchange for 1,496 Market Value Units in The Chubb Corporation Directors Deferred Compensation Plan in accordance with the Merger Agreement and pursuant to the requirements of Rule 16b-3.	
(  4) 	Market Value Units are fully vested and are payable in common shares and are paid out at separation from service, unless further deferred by the participant.	
(  5) 	Pursuant to the Merger Agreement, each such Chubb equity award was converted into a right to receive a number of ACE common shares equal to (a) 0.6019 ACE common shares plus (b) $62.93 in cash, divided by $110.798, which is the average closing price of ACE common shares for the five trading days prior to the closing date of the merger.	
(  6) 	Received in exchange for 7,797 Deferred Stock Units of Chubb in accordance with the Merger Agreement and pursuant to the requirements of Rule 16b-3.	
(  7) 	Deferred Stock Units are fully vested, but will not be payable, unless further deferred by the participant, until the 90th day after the earliest to occur of the reporting person's (i) death, (ii) disability, or (iii) separation from service.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
KELLNER LAWRENCE W
CHUBB BUILDING
17 WOODBOURNE AVENUE
HAMILTON, D0 HM 08	X				

Signatures		
/s/ Samantha Froud, Attorney-in-fact		1/19/2016	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).	
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
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