00:00 It's Benzinga and here's what's on the block.
00:02 Chubb's CEO Evan Greenberg defended providing former President Donald Trump with a $91.6
00:07 million appeal bond in the defamation case where Trump was found liable for defaming
00:10 writer E. Jean Carroll.
00:12 Greenberg said providing the appeal bond has nothing to do with the merits of the case
00:15 and that Chubb does not take sides.
00:17 If Trump loses his appeal, Carroll can demand the $91.6 million payment from Chubb.
00:22 Greenberg said Chubb protected itself by requiring full collateralization of the bond.
00:26 If called, it would take the collateral to make itself whole.
00:28 Greenberg was appointed to advisory roles by Trump in 2018 and continued under Biden,
00:33 but said Chubb's decision was made leaving personal feelings to side.
00:35 For all things money, visit Benzinga.com.
00:37 Bye!
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