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Benzinga
  • 2 years ago
Chubb CEO Evan Greenberg defended providing former President Donald Trump with a $91.6 million appeal bond in the defamation case where Trump was liable for defaming writer E. Jean Carroll. Greenberg said providing the appeal bond has nothing to do with the case's merits and that Chubb does not take sides. If Trump loses his appeal, Carroll can demand the $91.6 million payment from Chubb. Greenberg said Chubb protected itself by requiring full collateralization of the bond. If called, it would take the collateral to make itself whole.
Transcript
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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