GENEVA,  October 2nd 2007

European Risk Managers attending the FERMA (Federation of European Risk Managers) Congress in Geneva have helped ACE European Group (ACE) (NYSE:ACE) to raise over €40,000 for a Red Cross HIV/ AIDS educational programme in India.

ACE Foundation-International contributed €200 for each Risk Manager who attended ACE’s charity reception at the Red Cross museum in Geneva on 1st October. The full contribution will support the Red Cross’s life saving work increasing awareness of HIV/AIDS among young people in India’s Northern State of Utter Pradesh.

Andrew Kendrick, Chairman and Chief Executive Officer, ACE European Group said: “I would like to extend our heartfelt thanks to every risk manager who attended last night’s event, enabling us to make this substantial contribution to the Red Cross’s valuable work. Funding for this project is a priority for the Red Cross so every Euro raised will contribute directly to saving lives."