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 providing former President Donald Trump with a $91.6 million appeal 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, customers and brokers who expressed concerns about bond, 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’s letter, which CNBC obtained, 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.
Chubb has been under fire since last week when Trump revealed he had obtained the appeal bond from the company.
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