ACE Limited (ACE) is the Bermuda-based holding company of the ACE Group of
Companies, incorporated with limited liability under the Cayman Islands
Companies Law. We opened our business office in Bermuda in 1985 when we
initially incorporated the Company and we continue to maintain our business
office in Bermuda. Through our various operating subsidiaries, we provide a
broad range of insurance and reinsurance products to insureds worldwide through
operations in the U. S. and almost 50 other countries. At December 31, 2003, we
had total assets of $49.5 billion and shareholders’ equity of $8.8 billion. We
derive our revenue principally from premiums, fees and investment income.

Our long-term business strategy focuses on achieving underwriting profits and
providing value to our clients and shareholders through the utilization of our
substantial capital base in the insurance and reinsurance markets.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2004%2f04%2f05%2f0001193125-04-056933.html#FIS_BUSINESS"