UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant To Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - May 30, 2003
ACE LIMITED
(Exact name of registrant as specified in its charter)
98-0091805
Cayman Islands 1-11778 (I.R.S. Employer of Incorporation
(State or other (Commission File Number) Identification No.)
jurisdiction)
ACE Global Headquarters
17 Woodbourne Avenue
Hamilton HM 08 Bermuda
(Address of principal executive offices)
Registrant's telephone number, including area code: (441) 295-5200
Not applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
On May 30, 2003, ACE Limited (the "Company") intends to sell pursuant to an
underwritten public offering 23,000,000 Depositary Shares, each representing
1/10 of a share of 7.80% Cumulative Redeemable Preferred Shares, Series C (the
"Preferred Shares"), (the "Depositary Shares"). Each Preferred Share has a par
value of $1.00 per share and has a liquidation preference of $250.00 per share.
The liquidation preference for the Depositary Shares is $25.00 per share.
The offering of the Depositary Shares and the Preferred Shares is registered
under the Company's Registration Statement on Form S-3 (File No. 333-88482),
which was declared effective on February 4, 2003. The documents filed with this
Form 8-K under Item 7 are being filed as exhibits to that registration
statement.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit
Number Description
-------- ------------
1 Terms Agreement, dated May 7, 2003, among the
Company and Citigroup Global Markets Inc.,
Merrill Lynch & Co. and Merrill Lynch, Pierce, Fenner &
Smith Incorporated, as Representatives, and the other
Underwriters named therein, including the
Underwriting Agreement, dated as of the same date
and incorporated therein.
4.1 Resolutions of a committee of the Board of
Directors of ACE Limited establishing the terms
of the 7.80% Cumulative Redeemable Preferred Shares,
Series C, of ACE Limited.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ACE LIMITED
By: /s/ Robert Blee
_____________________________
Robert Blee
Chief Accounting Officer
DATE: May 30, 2003
EXHIBIT INDEX
Number Description Method of Filing
- ------- ---------- ---------------
1 Terms Agreement, dated May 7, Furnished herewith
2003, among the Company and Citigroup
Global Markets Inc. and Merrill Lynch,
Pierce, Fenner & Smith Incorporated, as
Representatives, and the other Underwriters
named therein, including the Underwriting
Agreement, dated as of the same date and
incorporated therein.
4.1 Resolutions of a committee of the Board of Furnished herewith
Directors of ACE Limited establishing the
terms of the 7.80% Cumulative Redeemable
Preferred Shares, Series C, of ACE Limited.