Chubb Limited (CB) 10-Q 2014 Q1 Quarterly report

Exhibit 10.1

ACE Limited

Outside Directors Compensation Parameters

August 2013

• Annual Retainer Fee of $260,000. Paid $160,000 in restricted stock and $100,000 cash or, at the election of the director, $260,000 in restricted stock. Includes expectation of service on up to two committees (not counting service on Executive Committee). No fees are payable for regular board or committee meetings.

• Annual premiums for committee chairs and lead director:

—     Audit–$25,000        

—     Compensation–$20,000    

—     Risk & Finance–$15,000

—     Nominating & Governance–$12,000        

—     Lead director–$50,000

• Annual premiums for selected committee service (non-chair): None.

• Committee chair and lead director service premiums are payable in cash quarterly or, at the election of the director, in restricted stock annually.

• Meeting fees for “special” meetings (required to consider transactions or other special circumstances, as determined jointly by the Lead Director and Chairman): $2,000 per telephone meeting, $3,000 for ‘in person’ meetings. Payable in cash quarterly.

• Restricted stock will be awarded at beginning of the plan year (i.e. the date of the Annual General Meeting) and become non-forfeitable at end of the plan year, provided that the grantee has remained an ACE director continuously during that plan year. Increases shall be paid on a pro-rated basis, based on date of award.