EXHIBIT 99.2 [CT CORPORATION SYSTEM LETTERHEAD] 208 South LaSalle Street Chicago, Illinois 60604 Tel. 312-345-4324 Fax 312-263-0124 February 11, 1998 Mayer, Brown & Platt Attn: Howard L. Rosenberg, Sr. Para. 190 S. LaSalle Street Chicago, Illinois 60603 RE: ACE LIMITED (C.I.) Dear Howard: May this letter serve to confirm that we, C T Corporation System, currently represents the above named entity as Agent under the Registration Statement filed with the Securities and Exchange Commission ("SEC") on November 24, 1993. The aforementioned appointment applies to any subsequent registration statements filed with the SEC and is not due to expire until November 24, 2001. We appreciate the opportunity to be of service. Thank you for using C. T. Very truly yours, /s/Julianna D. Peterson Julianna D. Peterson Sr. Customer Specialist