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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
JURSCHAK Jerome
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(Last) (First) (Middle)
c/o ACE Financial Services, Inc.
1325 Avenue of the Americas, 18th Floor
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(Street)
New York NY 10019
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(City) (State) (Zip)
_______________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
February 25, 2000
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
_______________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
ACE Limited (NYSE: ACL)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[x] Officer (give title below) [ ] Other (specify below)
President and Chief Executive Officer,
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ACE Financial Services, Inc.
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_______________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
_______________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[x] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
Ordinary Shares 205,250 (1) D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Form 3-07/98)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Options to acquire (2) 4/15/2002 Ordinary Shares 54,842 $11.3083
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Options to acquire (2) 2/18/2004 Ordinary Shares 42,247 $11.3808
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Options to acquire (2) 2/17/2005 Ordinary Shares 42,247 $13.9178
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Options to acquire (2) 2/5/2006 Ordinary Shares 46,213 $18.1948
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Options to acquire (3) 12/30/2009 Ordinary Shares 227,613 $16.2375 D
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Explanation of Responses:
(1) Of these ordinary shares, 32,000 are shares of restricted stock that will vest as follows: 1/3 on 12/30/2000,
1/3 on 12/30/2001, and 1/3 on 12/30/2002.
(2) Options are fully vested.
(3) Option vesting schedule: 1/3 on 12/30/2000, 1/3 on 12/30/2001, and 1/3 on 12/30/2002.
</TABLE>
Signed for Jerome Jurschak pursuant to
a power of attorney on file with the
Securities and Exchange Commission
/s/ Peter Mear 3/6/00
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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