ASBESTOS LITIGATION: ACE Records $1.369B Net Reserves at Dec. 31

ACE Limited’s net asbestos-related reserves were US$1.369 billion at Dec. 31, 2008, compared with US$1.482 billion at Dec. 31, 2007.

The Company’s gross asbestos-related reserves were US$2.629 billion at Dec. 31, 2008, compared with US$2.942 billion at Dec. 31, 2007.

The Company’s…

ASBESTOS LITIGATION: ACE Limited Records 1,198 Claims at Dec. 31

ACE Limited recorded 1,198 open asbestos claims for the year ended Dec. 31, 2008, compared with 1,169 claims for the year ended Dec. 31, 2007.

During the year ended Dec. 31, 2008, the Company recorded 75 newly reported claims and 46…