8-K

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) – June 17, 2005

ACE Limited

(Exact name of registrant as specified in its charter)

Cayman Islands	001-11778	98-0091805
(State or other jurisdiction)	(Commission File Number)	(I.R.S. Employer of Incorporation 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 8.01. Other Events.

ACE Limited issued a press release reporting that it had received a subpoena from the United States Attorney for the Southern District of New York as part of an investigation into finite risk insurance products. A copy of the press release is attached as an exhibit to this Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

The following exhibits are filed as part of this report:

Exhibit No.	Description
99.1	Copy of the Company’s press release, issued June 17, 2005.

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 hereunto duly authorized.

ACE LIMITED.
By:	/s/ Paul Medini
	Paul Medini Chief Accounting Officer

DATE: June 17, 2005

INDEX TO EXHIBITS

Exhibit #	Description
99.1	Copy of the Company’s press release, issued June 17, 2005.

EX-99.1

Exhibit 99.1

ACE Limited Announces Receipt of Subpoena

HAMILTON, Bermuda, June 17, 2005 (BUSINESS WIRE) — ACE Limited (NYSE: ACE) today reported that it had received a subpoena from the United States Attorney for the Southern District of New York as part of an investigation into finite risk insurance products. ACE understands that other insurance companies have received similar subpoenas. As previously disclosed by ACE, ACE has received subpoenas from the Securities and Exchange Commission and the New York Attorney General in connection with an investigation into these insurance products. ACE intends to comply with the subpoena.

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 conducts its business on a worldwide basis with operating subsidiaries in approximately 50 countries. Additional information can be found at: http://www.acelimited.com.