Evan Greenberg, President and CEO of Chubb Ltd., arrives in Sun Valley, Idaho, USA, to attend the morning session of the Allen & Co. Media and Technology Conference on Wednesday, July 10, 2019.
Patrick T. Fallon Bloomberg | Getty Images
The CEO of Chubb Insurance on Wednesday defended a subsidiary that secured a $91.6 million appeal bond for former President Donald Trump in a case in which he was found guilty of defaming author E. Jean Caro E. Jean Carroll accused him of rape and was found liable.
“I am writing to you because I understand your concerns regarding the appeal bond provided to Trump by the company’s surety department,” Chubb CEO Evan Greenberg said in a letter to investors obtained by CNBC’s Contessa Brewer. .
Greenberg said the decision to grant Trump a bond “had nothing to do with the fundamental merits of the appeal” or “the interests of any party in the case.”
“As guarantors, we do not take sides,” Greenberg wrote. “What we did was wrong and we in no way support the defendants.”
Greenberg was appointed by Trump in October 2018 to serve on the then-President’s Advisory Committee on Trade Policy and Negotiations.
This is breaking news. Please check back for updates.
About The Author
