CHUBB - Not Supporting Trump By Underwriting $91.63M Appeal Bond In E Jean Carroll Case Says Chubb CEO: 'We Don't Take Sides' | Benzinga
In recent news, Chubb Ltd (NYSE:CB) CEO, Evan Greenberg, has stood by the company’s decision to underwrite the appeal bond of former President Donald Trump in a defamation lawsuit filed by E. Jean Carroll.
What Happened: Greenberg, in a customer communication, clarified that Chubb’s role as the surety does not imply support for any party involved in the case. “We don't take sides, it would be wrong for us to do so and we are in no way supporting the defendant,” he stated, according to a report by The Hill.
Last week, Trump signed paperwork for one of Chubb's divisions to underwrite his $91.63 million bond as he appeals the recent civil verdict against him for defaming Carroll, an advice columnist, by denying her sexual assault claims.
Greenberg stressed that Chubb’s decision was based on supporting the rule of law and not influenced by personal feelings. He also indicated that Trump’s bond is fully collateralized, although the specifics of the assets put down by Trump remain undisclosed.