STRUCTURE OF ACE LIMITED

Public

ACE Limited
(Switzerland)

ACE Group Holdings, Inc. ACE Group Management

ACE Reinsurance ACE Insurance
(USA - DE) and Holdings Ltd.
(Switzerland) Limited (Switzerland) Limited
See page 2 (Bermuda)

ACE Global ACE Bermuda Oasis

ACE Services Insurance ACE Tempest
ACE Intermediaries Markets Insurance
(Bermuda) Ltd. Limited Limited Ltd. Life Reins.
Services
(Cayman Islands) (Bermuda) Ltd.
(England & Ltd.
See pg. 10 (Bermuda)
Wales) (Bermuda)

ACE Europe Life ACE Tempest

ACE London ACE Group Limited Reinsurance
Group Ltd. Holdings Ltd. (England & Wales) Ltd.
(England & (England & (100%) (Bermuda)
Wales) Wales)
See page 11

ACE Tarquin ABR ACE Tempest Re Oasis Oasis

(Unlimited) Reinsurance Escritório de Investments Investments 2 Ltd.2
(England & Capital Representação no Ltd. 2 (Bermuda)
Wales) Holdings Ltd. Brasil Ltda. 1 (Bermuda) 66.66% 66.66%
See page 12 (Bermuda)
11.26%

1. Owned 99.999999% by ACE Tempest Reinsurance Ltd. and 0.000001% by ACE Tempest Life Reinsurance Ltd.
2. Owned 33.33% by ACE Bermuda Insurance Ltd. & 66.66% by ACE Tempest Reinsurance Ltd.

Page 1
 STRUCTURE OF ACE LIMITED
ACE Group Holdings,
Inc.
(USA - DE)

ACE US ACE INA ACE Life Insurance

ACE Asset
ACE (CR) Holdings Holdings, Inc. Holdings Inc.1 Company
Management Inc.
(England & Wales) (USA - DE) (USA - DE) 80% (USA - CT) 100%
(USA - DE) 5

ACE Direct
William Investment Huatai Insurance INA Corporation Combined Insurance
Westchester Fire Marketing
ACE Capital ACE (RGB) Westchester Surplus Lines Holdings Group Co., Ltd.2 (USA - PA) Company of America
Insurance Company Company, Ltd.
VII Limited Holdings Limited Insurance Company Corporation (China) 5.8293%3 See page 5
(f/k/a ACE Indemnity (Korea)
(England & Wales) (England & Wales) (USA - GA) (USA- NJ)
Insurance Company)
(USA – PA)
4 INA Financial
Huatai Life INA Tax Benefits
Insurance Corporation ACE INA
Westchester Specialty International Reporting, Inc.
The Chubb Corporation Company, Limited 3 (USA - DE)
Insurance Services, Inc. Holdings, Ltd. (USA - DE)
ACE (CIDR) Ridge Underwriting (USA - NJ) (China) See page 3
Limited (USA - NV) See page 6 79.5746% (USA - DE)
Agencies Limited
(England & Wales) (England & Wales) See pages 8, 9, 10 & 11

Rhea International
ACE Life
Marketing (L) Inc.
Insurance Company
(Malaysia) 60%
Ltd.
Huatai Property & Casualty (Korea)
Insurance Co., Ltd
(China)

1. The remaining 20% of ACE INA Holdings Inc. is held directly by ACE Limited
2. Owned 5.8293% by ACE INA Holdings Inc.; 9.7755% by ACE Tempest Reinsurance Ltd.; 4.3952% by ACE US Holdings, Inc.
3. Owned 20% by ACE INA Holdings Inc.; . 4254% to 5 non-ACE Shareholders.
4. After close and at the effective time of merger, William Investment Holdings Corporation will merge into The Chubb Corporation, with the surviving entity to be named ‘The Chubb Corporation’.”
Page 2
5. The post-merged “The Chubb Corporation” may then merge into ACE INA Holdings Inc. which may then change its name to some variation of “Chubb INA Holdings.”
 STRUCTURE OF ACE LIMITED

INA Financial Corporation

STRUCTURE(USA
OF -ACE
DE) LIMITED

INA Holdings Corporation

(USA - DE)

Brandywine ACE INA ACE INA Excess ACE INA Excess

INA NewMarkets ACE INA
Holdings ACE Risk Financial and Surplus and Surplus INA International
Reinsurance ESIS, Inc. Insurance Properties, Inc.
Corporation Solutions, Inc. Institution Insurance Insurance Holdings, LLC
Company Ltd. (USA - PA) Agency, Inc. (USA - DE)
(USA - DE) (USA - NY) Solutions, Inc. Services, Inc. Services, Inc. (USA – DE)
(Bermuda) (USA - DE)
(USA - DE) (USA - PA) (USA - CA)

Conference
Cravens, Dargan & ESIS Canada ACE Environmental Facilities, Inc. American Lenders
Century Indemnity Proclaim America, Inc. ESIS Asia ACE Financial ACE Structured
Company Inc. Health and (USA - PA) Facilities, Inc.
Company (USA – TX) Pacific PTE Ltd. Solutions, Inc. Products, Inc.
Pacific Coast (Canada - Safety Consulting ESIS Academy (USA - CA)
(USA - PA) 51% (Singapore) (USA - DE) (USA - DE)
(USA - DE) Ontario) (Shanghai) PTE Ltd.
Company Limited (Singapore)
Recovery Services
International, Inc.
Century International Indemnity
Insurance Bankers ACE Property (USA - DE)
Reinsurance Company INAMAR Insurance Insurance
Ltd. ACE American Company of Standard and Casualty
Underwriting Agency, Inc. Company of Insurance Co. Insurance Co.
(Bermuda) No. America Insurance Co.
(USA - NJ) No. America (USA - PA) (USA - PA)
Penn Millers (USA- PA)) (USA- PA)
(USA - PA)
Holding Corporation
(USA - PA)
INAMAR Bankers
Insurance Pacific Standard
Rain and Hail ACE Fire
Underwriting Employers Fire and Marine ACE Insurance Co. Atlantic Employers
PMMHC Corp. Insurance Underwriters Ins.
Agency, Inc. of TX Insurance Co. Co. (USA - PA) of the Midwest Insurance Co.
(USA - PA) Services Incorp. Co. (USA - PA)
(USA - TX) (USA - PA) (USA - IN) (USA - NJ)
(USA - IA)
See Page 4
Penn Millers Illinois Union ACE Tempest Cover All
Insurance Company Insurance Re USA, LLC Technologies, Inc.
(USA – PA) Company (USA - CT) (USA - DE)
(USA - IL) 8.1%

Penn Millers
Agency, Inc.
(USA - PA)
Page 3
 STRUCTURE OF ACE LIMITED

Rain and Hail Insurance Service, Inc.

(USA - IA)

Rain and Hail

Agri General Agri General
Insurance Service Rain and Hail Financial, Inc.
Insurance Company Insurance Service, Inc.
International, Inc. (USA - IA)
(USA - IA) (USA - IA)
(USA - IA)

Rain and Hail L.L.C. Rain and Hail

Rain and Hail Insurance Service
(USA - IA)
Insurance Service, Ltd. de Mexico,
(Canada) S.A. de C.V
(Mexico)

Page 4
 STRUCTURE OF ACE LIMITED

COMBINED INSURANCE
COMPANY
OF AMERICA
(USA - IL)

Combined Insurance
Combined Life Insurance Chiewchanwit Company
Company of Europe
Company of New York Limited 1
Limited
(USA - NY) (Thailand)
(Ireland)
49%

S.E.O.S. Limited 2
(Thailand)
51%

Page 5
1. Owned 51% by individual Thai shareholders.
2. Owned 49% by Combined Insurance Company of America.
 STRUCTURE OF ACE LIMITED

The Chubb Corporation

(USA - NJ)

Federal Insurance Company

(USA - IN)

Pacific Indemnity Executive Risk Great Northern Vigilant Insurance Chubb Custom Chubb Indemnity Chubb National Chubb Insurance Chubb Lloyds Insurance
Company Indemnity Company Insurance Company Company Insurance Company Insurance Company Insurance Company Company of New Jersey Company of Texas
(USA - WI) (USA - DE) (USA - IN) (USA - NY) (USA - NJ) (USA - NY) (USA - IN) (USA - NJ) (USA - TX)

Texas Pacific Executive Risk Chubb de

Indemnity Company Specialty Insurance Columbia de
(USA - TX) Company Seguros, S.A. 1
(USA - CT) (Columbia)
88.31%

Chubb Argentina de Chubb de Mexico Chubb de Mexico Chubb European

Chubb Investment Chubb Insurance Chubb Insurance Compania de Compania PT Asuransi Chubb Chubb de Chile Federal Insurance
Seguros, S.A. 2 Investment
Holdings Inc. Investment Holdings Company of Australia Seguros, S.A. C.V. 4 Afianzadora, S.A. de Chubb Indonesia 5 Insurance Compania Company
(Argentina) Holdings, SLP
(USA - NJ) Ltd. (Australia) (Mexico) C.V.Seguros S.A. 3 Escritorio
99.999%
(UK) (Indonesia) (China) de Seguros
(UK) 99.9429% (Mexico) de Representacao
80% Company Ltd. Generales S.A. 6
99.99% (China) (Chile) No Brasil Ltd. 7
99.97% (Brazil)
Chubb Europe Chubb Insurance Chubb Managing Chubb Insurance Chubb Capital Ltd. Chubb European 99.99%
Services Ltd. Company of Agent Ltd. Service Company, Ltd. (UK) Finance Ltd.
(UK) Europe SE 5 (UK) (UK) (UK)
99.999%
(UK)
Chubb Syndicate 1882. CC Canada Chubb Pacific Chubb Financial
(UK) Holdings Ltd. Underwriting Solutions
Masterpiece (Canada) Management
Netherlands B.V. (Bermuda) Ltd.
Services (Bermuda)
(Netherlands)
Chubb Insurance PTE, Ltd.
1. Owned 6.13% by Federal Insurance Company, 4.22% by the Chubb Corporation, 0.92% by Pacific Indemnity Company and 0.42% by Great Northern Insurance Company. Company of Canada (Singapore)
2. Owned 0.001% by a non-Chubb shareholder. (Canada)
3. Owned 0.01% by Chubb Global Financial Services Corporation.
4. Owned 0.0176% by Vigilant Insurance Company, 0.0059% by Great Northern Insurance Company, 0.000002% Chubb Global Financial Services Corporation, 0.0059% by Pacific Indemnity Company, 0.0029% Chubb Insurance Company of Canada
and 0.0248% by non-Chubb shareholders. Numbers do not add up to 100% due to rounding.
5. Owned 0.001% by Vigilant Insurance Company and 20% by non-Chubb shareholders. Currently in the midst of a liquidation process. Page 6
6. Owned 0.03% by The Chubb Corporation.
7. Owned 0.01% by Chubb & Son.
 STRUCTURE OF ACE LIMITED

The Chubb Corporation

(USA - NJ)

Chubb Global
Federal Insurance DHC Corporation Chubb & Son Inc. Financial Services
Company Chubb Atlantic Indemnity Ltd. (USA - DE) (USA - NY)
(Bermuda) Corporation
(USA - IN)
(USA - DE)
See page 6
Chubb do Brasil
Comphanhia de Seguros 3
(Brazil) Chubb Services Harbor Island Chubb Investment
99.99% Corporation Indemnity Ltd. Holdings (Hong Kong) Ltd.
Bellemead Development (USA - IL) (Bermuda) (China - Hong Kong)
Corporation
(USA - DE)

MI Insurance Brokers ltd.

Halifax Plantation, Inc. Chubb Insurance Corporation 1
(USA - FL) Solutions Agency, Inc. (China - Hong Kong)
(USA - NJ) 49%
Halifax Plantation Realty, Inc. Halifax Plantation Golf Management, Inc.
Halifax Plantation (USA - FL) (USA - FL)
Golf, Inc.
(USA - FL)

Chubb Custom Chubb Executive Chubb Financial Chubb Investment Chubb Multinational Chubb Computer
Bellemead/ Transit Air Services, Inc. Chubb Re, Inc.
Market Inc. Risk Inc. Solutions, Inc. Services Limited Manager Inc. Services, Inc.
Marina Del Rey Corp. (USA - NJ) (USA - NJ)
(USA - NJ) (USA - DE) (USA - DE) (UK) (USA - NY) (USA - NJ)
(USA - DE)

1717 Naperville
Corp. (USA - IL)
Executive Risk Sullivan Kelly, Inc.
Executive Risk
1250 Diehl Corp. Management Associate 2 (USA - CA)
Capital Trust
(USA - IL) (USA - CT)
(USA - DE)
70%

Sullivan Kelly of
1. Owned 51% by non-Chubb shareholders.
Arizona, Inc. Page 7
2. Owned 30% by Sullivan Kelly, Inc.
(USA - AZ)
3. Owned 0.01% by non-Chubb shareholders.
 STRUCTURE OF ACE LIMITED

ACE INA International Holdings, Ltd.

(USA - DE)

ACE Australia ACE Seguros ACE Arabia ACE Seguradora ACE INA ACE Seguros ACE Seguros ACE Insurance ACE Seguradora ACE Seguros ACE Seguros ACE
ACE ACE INA ACE Insurance
Holdings Pty S.A.1 Insurance Co. S.A. 2 International S.A. S.A.3 Limited S.A. S.A.21 S.A. 5 Insurance
Servicios Berhad Limited
Limited (Argentina) Ltd. B.S.C.(C) (Brazil) Holdings Ltd. (Colombia) (Ecuador) (Hong Kong)20 (Macau) (Mexico) (Peru) Company
S.A. (Malaysia) (New Zealand)
(Australia) 96.821% (Bahrain) 50% 99.99% Agencia Chile 35.801859% 99.98% 99.99% 99.9897% 99.999998929% 99.99% (Puerto Rico)
(Panama) 100%
(Chile)

ACE Seguros
ACE Insurance ACE Jerneh Ventas ACE Servicios ACE Seguros ACE Insurance
Soluções ACE Seguros Oriental ACE ACE Life Insurance ACE Insurance
Limited Insurance Berhad Personales Regionales S.A. ACE Alternative Company Egypt S.A.E.
Corporativas de Vida S.A. 4 Equity Holdings 7
Company S.A.E. 8 Agency, Inc.
(Australia) (Malaysia) Limitada 18 Limitada 23 (Chile) 19 Risk Ltd. 6 (Egypt)
S.A. (Chile) Holdings Limited (Egypt) (Puerto Rico)
(Chile) (Chile) 93.33% (Bermuda) 98.014%
(Brazil) 95% Limited (Cayman Is.) 98.35%
99% 99% (BVI)

ACE Corretora
Servicios ACEINA, ACE Insurance ACE Seguros ACE Insurance ACE Brazil de Seguros Nam Ek
Holdings, Ltd. ACE INA G.B. ACE Life Insurance PT. ACE Life
S.A. de C.V.9 Limited S.A. Limited Ltda. 24 Company ACE Insurance
Siam Liberty Insurance Holdings, Ltd. Company Limited Assurance 14
(Mexico) (Pakistan) (Panama) (South Africa) (USA - DE) (Brazil) Limited Company Limited
Broker Co., Ltd.10 (USA - DE) (Vietnam) (Indonesia)
99% (Thailand) (Vietnam)
(Thailand) 98.21%
1. Owned 96.8621% by ACE INA International Holdings, Ltd. 3.12% owned by AFIA Finance Corporation. Rest owned by (7) non-ACE owners. 49%
74.8%
2. Owned 99.99% by ACE INA International Holdings, Ltd. and .01% by AFIA Finance Corporation.
3. Owned 99.98% by ACE INA International Holdings, Ltd. and .02% by AFIA Finance Corporation.
ACE Life Fund ACE Resseguradora S.A.
4. Remaining (5%) held by AFIA Finance Corporation Agencia en Chile. ACE INA
5. Owned 0.01% by AFIA Finance Corporation; formerly Atlas Cumbres Compania de Seguros de Vita. Eksupsiri Managment (Brazil) 17
Services U.K. Company Limited
6. Formerly ACE Risk Management International Ltd. Company 99.9908%
Limited (Vietnam)
7. Owned 98.014% by ACE INA International Holdings, Ltd. 0.551% by ACE European Holdings Ltd., 0.551% by ACE INA Services U.K. Ltd., and 0.883% Siam Limited 11
held by non-ACE minority shareholders. (UK)
Marketing (Thailand) ACE Arabia Cooperative
8. Owned 98.35% by ACE INA International Holdings, Ltd., 0.98% by ACE Holdings Limited and 0.67% by AFIA Finance Corporation 50.99%
& Analytics Insurance Company 16
9. Owned 99.9% by ACE INA International Holdings, Ltd. and 0.1% by AFIA Finance Corporation.
10. Owned 24.99% by AFIA Finance Corporation, 74.8% by Nam Ek and the remainder is held by (5) Thai individuals. Company (Saudi Arabia)
11. Owned 49% by ACE INA International Holdings, Ltd., 50.99% by Nam Ek Company Limited (Thailand) and the remaining 0.01% is held by (1) Limited 22 INACOMB S.A. de C.V. 30%
non-ACE Thai individual. (Thailand) (Mexico) 15
12. Owned 75.01% by Eksupsiri Company Limited and 24.99% by Oriental Equity Holdings. 50.99% 99.998%
13. Owned 98.21% by ACE INA International Holdings, Ltd. and 1.79% by one non-ACE owner.
15. Owned 99.998% by ACE INA International Holdings, Ltd. and 0.002% by AFIA Finance Corporation.
16. Owned 30% by ACE INA International Holdings, Ltd., 30% by non-affiliated entities and remaining 40% is publicly held.
17. Owned 99.99% by ACE Brazil Holdings, Ltd. and 0.01% by ACE INA International Holdings, Ltd. ACE Life
18. Owned 99% by ACE INA International Holdings, Ltd. Agencia Chile and 1% by AFIA Finance Corporation Agencia en Chile. Assurance Public Co. Samaggi Insurance PCL
19. AFIA Finance Corporation Agencia Chile owns 3.77%, AFIA Finance Corp. Chile Limitada now owns 2.8% and Non-ACE shareholders now own 0.10%. Ltd. (Thailand) 12 (Thailand)
20. Owned 99.99% by ACE INA International Holdings, Ltd. and 0.01% by ACE INA Overseas Insurance Company Ltd.
24.99% Oriental 93.07%
21. Owned 99.99% by ACE INA International Holdings, Ltd. and 0.01% by AFIA Finance Corporation.
22. Owned 50.99% by Nam Ek Company Limited (Thailand), 0.01% by (1) individual and 49% by ACE Asia Pacific Services Pte. Limited (Singapore) 75.01% Eksupsiri
23. Owned 1% by AFIA Finance Corporation Agencia en Chile Page 8
24. Owned 1% by ACE INA International Holdings, Ltd.
25. Beneficially owned by ACE INA International Holdings, Ltd. (99.999932%). The owners of record are: Insurance Company of North America (46.682606%); ACE INA International Holdings, Ltd. (35.801859%); INA Financial
Corporation (7.84194%); Century International Reinsurance Company Ltd. (3.921353%); AFIA Finance Corporation (5.752174%) and 3 non-affiliated shareholders (each holding 0.00002267%,;collectively, 0.00006801%).
 STRUCTURE OF ACE LIMITED

ACE INA International Holdings, Ltd.

(USA - DE)

ACE INA
ACE INA Overseas
Overseas Insurance
Holdings, Inc.
Co. Ltd.
(USA - DE)
(Bermuda)
ACE Russia
Investments Limited
(England and Wales) 3
ACE Canada ACE Insurance ACE European
ACE Insurance ACE Marketing
Holdings, Inc. Limited Holdings Limited
(Japan) Group, C.A. LLC ACE Life
(USA - DE) (Singapore) (England & Wales) Russian
(Venezuela) Insurance Reinsurance
(Russia) Company
ACE European 23.35%
INACAN ACE Pension Holdings No. 2 (Russia)
H.S. Life Small Amount
Holdings Ltd. ACE Chintai SSI Trustee Limited
& Short Term Limited
(Canada - Ontario) (Japan) (England & Wales)
Insurance Co., Ltd. (England & Wales) LLC ACE Insurance
(Japan) Company
14.92% (Russia)

ACE Insurance ACE Insurance

ACE INA ACE INA ACE Tempest S.A. – N.V. Management (DIFC)
Insurance Life Insurance Re Canada Inc. (Belgium) 1 Limited
(Canada - Fed) (Canada - Fed) (Canada - Quebec) (Dubai International
Financial Centre)
ACE European
Group Limited
1. ACE Insurance S.A.- N.V. is owned 99.94923% by ACE European Holdings No 2 Ltd. and 0.05076% by ACE INA International (England & Wales) 2
Holdings, Ltd.
2. ACE European Group Limited is owned 69.1277% by ACE Insurance S.A. – N.V. and 30.8723% by ACE European Holdings Ltd.
3. ACE Russia Investments Limited is owned 99.9999999995% by ACE INA Overseas Holdings, Inc. and owned Page 9
0.000000000514682423% by ACE INA International Holdings, Ltd.
 STRUCTURE OF ACE LIMITED

ACE INA International Holdings, Ltd.

(USA - DE)

Cover Direct,
AFIA Finance ACE International ACE Life Insurance AFIA (INA) AFIA (ACE)
Combined Life Insurance Inc.
Corporation Company of Australia, Ltd. Management Corporation Company Ltd. Corporation Corporation,
(USA - DE)
(USA - DE) (Australia) (USA - PA) (Bermuda) 7 Limited Limited
(USA - DE) (USA - DE)
PT Adi Citra
Mandiri
(Indonesia) 2
ACE Serviços para
AFIA, an Unincorporated
ACE Servicios ACE Asia Pacific AFIA Finance Corp. Chile Seguradoras e
Association USA
S.A. Services Pte. Ltd. 3 Limitada (Chile) Resseguradoras Ltda.) 8
60% AFIA (INA)
(Argentina) 1 (Singapore) 2% AIIH 99% PT ACE 40% AFIA (ACE)
98% AFC Jaya Proteksi
(Indonesia)
17%

ACE Asia Pacific PT ACE Jaya

Services Sdn Bhd Proteksi
(Malaysia) Siam Marketing & (Indonesia) 6
Analytics Pembroke Reinsurance, Inc. 83%
Company Limited (USA - DE)
AFIA Finance Corporation (Thailand)
Agencia en Chile 49%
(Chile) PT Jaya PT Jaya Prima
Proteksi Takaful Auto Center
(Indonesia) 4 (Indonesia) 5
1. Owned 95% by AFIA Finance Corporation and 5% by ACE INA International Holdings, Ltd. 51% 75%
2. PT. Adi Citra Mandiri is held equally by 2 Indonesian citizens who have pledged their ownership interests to Cover Direct, Inc.
3. Formerly Safire Private Limited
4. Owned 51% by AJP and 49% by 9 Indonesian citizens
5. Owned 75% by AJP and 25% by 4 Indonesian citizens
6. Owned 17% by PT. Adi Citra Mandiri Page 10
7. Company operates through a Hong Kong branch office.
8. Owned 1% by AFIA Finance Corporation.
 STRUCTURE OF ACE LIMITED

ACE INA International Holdings, Ltd.

(USA - DE)

FM HoldCo LLC Ally Insurance

*Century Inversiones, S.A. *INAVEN, C.A. AFIA Finance
(formerly NYL Worldwide Holdings LLC *INAMEX S.A. *DELPANAMA S.A.
(Panama) “Venezuela” Corporation
Capital LLC) (Delaware) (Mexico) (Panama)
(Venezuela) (USA - DE)
(USA - DE)

ABA Seguros, S.A. ABA Mexico

de C.V. Holdings LLC *RIYAD Insurance Co. *Inversiones Continental
ACE Fianzas Monterrey, S.A. (Mexico) 5 (Delaware) Ltd. S.A. de C.V. *AFIA Venezolana C.A.
(Mexico) 1 (99.999998929%) (Bermuda) (Honduras) (Venezuela)
99.95% 80% 1.29%

ABA Garantias
ABA Servicios
S.A. de C.V.
Corporativos, S.A.
Operadora FMA, S.A. de C.V. (Mexico) 4
de C.V. (Mexico) 3
(99.99%)
(Mexico) 2 (99.998%)
99.99%

1. Owned 0.05 % by AFIA Finance Corporation

2. Owned 0.01% by AFIA Finance Corporation
3. Owned 0.002% by ABA Garantias S.A. de C.V.
4. Owned 0.01% by AFIA Finance Corp.
5. Owned 0.00000107% by AFIA Finance Corporation.
Page 11
* Inactive Companies
 STRUCTURE OF ACE LIMITED

ACE Bermuda
Insurance Ltd.
(Bermuda)

Sovereign ACE Corporate ACE

Oasis Real Oasis ACE Capital Paget
Risk Financial Officers & ACE Realty Bermuda
Estate Investments Title Reinsurance
Insurance Solutions Directors Holdings International
Company Ltd. 1 Reinsurance Company Ltd.
Limited International, Assurance Ltd. Insurance
Ltd. (Bermuda) (USA - NY) (Bermuda)
(Bermuda) Ltd. Ltd. (Bermuda) (Ireland)
(Bermuda) 33.33%
100% (Bermuda) (Bermuda) Limited 3

Oasis
Scarborough
Sovereign Risk Investments 2 Ltd. 2
Property
Insurance (Dubai) (Bermuda)
Holdings
Limited 33.33%
Ltd.
(UAE)
(Bermuda) 40%

Freisenbruch-Meyer Insurance Freisenbruch-Meyer Insurance

Ltd. Services Ltd.
(Bermuda) 40% (Bermuda) 40%

1. Owned 33.33% by ACE Bermuda Insurance Ltd. and 66.66% by ACE Tempest Reinsurance Ltd.
2. Owned 33.33% by ACE Bermuda Insurance Ltd. and 66.66% by ACE Tempest Reinsurance Ltd.
3. Formerly ACE European Markets Insurance Limited

Page 12
 STRUCTURE OF ACE LIMITED

ACE London Group Ltd.

(England & Wales)

100%
ACE London
ACE Capital III ACE Capital IV1 ACE Capital VI
Holdings Ltd. ACE Capital Ltd.1
Ltd. Ltd. Limited
(England (England & Wales)
(England & Wales) (England & Wales) (England & Wales)
& Wales)

ACE London ACE London

ACE Capital II Ltd.
Services Ltd. Investments Ltd.
(England & Wales)
(England & Wales) (England & Wales)

ACE London ACE London ACE Underwriting

Underwriting Ltd. Aviation Ltd. Services Ltd.
(England & Wales) (England & Wales) (England & Wales)

1. Capital Providers
Page 13
 STRUCTURE OF ACE LIMITED

ACE Tarquin
(England & Wales)

ACE Capital V Ltd.1 ACE Leadenhall Limited

(England & Wales) (England & Wales)

ACE Underwriting
Agencies Limited 2
(England & Wales)

Page 14
1. Capital Provider
2. Managing Agency