The CEO of Chubb insurance company, which guaranteed Donald Trump’s $92 million appeal bond in the E. Jean Carroll defamation case, sent a letter stating Chubb’s role is only to support the rule of law and justice system, not take sides in the underlying case.
The letter emphasized the bond is fully collateralized but did not disclose the amount or assets used.
“As the surety, we don’t take sides, 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,” CEO Evan Greenberg wrote. “When Chubb issues an appeal bond, it isn’t making judgments about the claims, even when the claims involve alleged reprehensible conduct.”
It said Chubb leaves personal feelings aside and considers guaranteeing the bond the right thing to do.
“I fully realize how polarizing and emotional this case and the defendant are and how easy it would be for Chubb to just say no. However, we support the rule of law and our role in it. We considered this the right thing to do and we frankly left our own personal feelings aside,” the letter read.
Chubb also issued a statement clarifying its CEO was appointed to a trade advisory panel under both Trump and Biden administrations.
“Evan Greenberg was appointed to the advisory committee in 2018, along with: James P. Hoffa (International Brotherhood of Teamsters), Harold McGraw III, C. Fred Bergsten (Peterson Institute of International Economics) and Timothy P. Smucker of Ohio. He served on the committee under both the Trump and Biden administrations until March 2023,” the statement said.
Trump was ordered to pay Carroll $83.3 million in damages for denying and defaming her sexual assault allegation against him in the 1990s.
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