Chubb CEO Defends Backing Trump’s Appeal Bond

CNBC reports:

Chubb CEO Evan Greenberg, in a letter to investors, customers, and brokers who expressed concerns about the bond, wrote that the decision to issue it to Trump “has nothing to do with the underlying merits” of the appeal, “or with favoring any of the parties in the case.”

“When Chubb issues an appeal bond, it isn’t making judgments about the claims, even when the claims involve alleged reprehensible conduct,” Greenberg wrote in the letter, which was obtained by CNBC.

“As the surety, we don’t take sides, he said. “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.”

Read the full article. In 2017, Trump appointed Greenberg to a White House trade advisory board.

Chubb CEO defends backing Trump appeal bond in E. Jean Carroll case https://t.co/D7hg1mKUGQ

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