SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

BOROUGHS TIMOTHY ALAN

(Last)

(First)

(Middle)

1133 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/16/2013

3. Issuer Name and Ticker or Trading Symbol
ACE Ltd [ ACE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Investment Officer*

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	127,854⁽¹⁾	D
Common Shares	3,335	I	By Family Foundation

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options to Acquire	⁽²⁾	02/23/2015	Common Shares	15,500	$44.48	D
Options to Acquire	⁽³⁾	02/22/2016	Common Shares	62,250	$56.4	D
Options to Acquire	⁽⁴⁾	02/28/2017	Common Shares	14,470	$56.14	D
Options to Acquire	⁽⁵⁾	02/27/2018	Common Shares	15,555	$60.28	D
Options to Acquire	⁽⁶⁾	02/26/2019	Common Shares	19,480	$38.51	D
Options to Acquire	⁽⁷⁾	02/25/2020	Common Shares	18,611	$50.37	D
Options to Acquire	⁽⁸⁾	02/24/2021	Common Shares	14,971	$62.64	D
Options to Acquire	⁽⁹⁾	02/23/2022	Common Shares	14,060	$73.35	D
Options to Acquire	⁽¹⁰⁾	02/28/2013	Common Shares	17,321	$85.39	D

Explanation of Responses:

1. Total includes 42,809 shares of restricted stock awarded pursuant to the ACE Limited 2004 Long-Term Incentive Plan which have not yet vested.

2. The stock options vested in equal installments on February 23, 2006, February 23, 2007 and February 23, 2008.

3. Of the number of stock options reported, 12,250 vested in equal installments on February 22, 2007, February 22, 2008 and February 22, 2009 and 50,000 became fully vested on February 22, 2011.

4. The stock options vested in equal installments on February 28, 2008, February 28, 2009 and February 28, 2010.

5. The stock options vested in equal installments on February 27, 2009, February 27, 2010 and February 27, 2011.

6. The stock options vested in equal installments on February 26, 2010, February 26, 2011 and February 26, 2012.

7. The stock options vested in equal installments on February 25, 2011, February 25, 2012 and February 25, 2013.

8. The stock options vested or will vest in equal installments on February 24, 2012, February 24, 2013 and February 24, 2014.

9. The stock options vested or will vest in equal installments on February 23, 2013, February 23, 2014 and February 23, 2015.

10. The stock options will vest in equal installments on February 28, 2014, February 28, 2015 and February 28, 2016.

Remarks:

*ACE Group

	/s/Samantha Froud, Attorney-in-fact	05/24/2013
	** 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 5 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.