quarterly dividend of $0.46 per share payable on the company's ordinary shares.

The dividend will be payable on June 15, 2001 to shareholders of record on May 25, 2001.

XL, through its subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.

ACE directors vote to increase pay-out The directors of ACE Limited voted to increase the quarterly dividend to 15 cents per ordinary share from 13 cents per ordinary share, payable on July 13, 2001 to shareholders of record at the close of business on June 29, 2001.

The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries.

Additional information can be found at: www.acelimited.com.