Chubb CEO defends backing Trump appeal bond in E. Jean Carroll case

US News

Evan Greenberg, president and chief executive officer of Chubb Ltd., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. 

Patrick T. Fallon | Bloomberg | Getty Images

The CEO of the Chubb insurance company on Wednesday defended a subsidiary providing former President Donald Trump with a $91.6 million appeals bond in the case where he was found liable for defaming writer E. Jean Carroll after she accused him of rape.

Chubb CEO Evan Greenberg, in a letter to investors obtained by CNBC, said, “I am writing to you because I have been made aware of your concerns about the appeal bond by the company’s surety division” provided to Trump.

Greenberg said that the decision to give Trump the bond “has nothing to do with the underlying merits” of the appeal, “or with favoring any of the parties in the case.”

“As the surety, we don’t take sides,” Greenberg wrote. “It would be wrong for us to do so and we are in no way supporting the defendant. We are supporting and are part of the justice system plumbing included in this case.”

Greenberg was named by Trump as a member of the then-president’s Advisory Committee for Trade Policy and Negotiations in October 2018. He continued serving on that panel under President Joe Biden until March 2023.

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