| Item 3.03 | Material Modification to Rights of Security Holders |
In connection with the Companys redomestication from the Cayman Islands to Switzerland, the shareholders of the Company on July 10, 2008 approved an amendment to the Companys Memorandum of Association that changed the share capital of the Company to CHF 16,870,000,000 divided into 500,000,000 Ordinary Shares, par value of CHF 33.74 per share, as further described in the Companys proxy statement/prospectus dated May 30, 2008, as filed with the Securities and Exchange Commission pursuant to Rule 424(b)(3) on May 30, 2008, under the heading Proposal No. 4: Amendment of Memorandum of Association to Facilitate Change of Par Value, which is hereby incorporated herein by reference.
| Item 7.01 | Regulation FD Disclosure |
As required by the recent amendment to the Companys Articles of Association, the Company prepared an audited special purpose unconsolidated balance sheet valuing the investment in the Companys subsidiaries based on a mark-to-market basis with the increase in fair value resulting in an increase to retained earnings. A copy of that balance sheet is attached hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 99.1 | Audited Special Purpose Unconsolidated Balance Sheet Valuing the Investment in the Companys Subsidiaries Based on a Mark-to-Market Basis | |
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: July 14, 2008