Chubb CEO defends decision to support Trump's appeal bond in E. Jean Carroll case.

• The CEO of Chubb insurance company defended the subsidiary that provided former President Donald Trump with a $91.6 million appeal bond in the case where he was found liable for defaming E. Jean Carroll after she accused him of rape.
• ""We, as the surety, remain neutral and do not support either party," CEO Evan Greenberg stated."
• In October 2018, Trump appointed Greenberg to his Advisory Committee for Trade Policy and Negotiations.

On Wednesday, the CEO of the insurance company defended the decision to provide former President Donald Trump with a $91.6 million appeal bond in the case where he was found civilly liable for defaming writer E. Jean Carroll after she accused him of rape.

In a letter to investors, customers, and brokers who raised concerns about the bond, Chubb CEO Evan Greenberg stated that the decision to give Trump the bond was not based on the merits of the appeal or on favoring any of the parties involved in the case.

In the letter obtained by CNBC, Greenberg stated that as the surety, they do not take sides.

""We are not supporting the defendant and are not part of the justice system plumbing included in this case," he wrote."

"Although the case and defendant are highly polarizing and emotional, and it would be easy for Chubb to simply say no, we support the rule of law and our role in it. We made this decision based on what we believe is the right thing to do, and we put aside our personal feelings."

Greenberg served on the Advisory Committee for Trade Policy and Negotiations from October 2018 to March 2023, first appointed by President Trump and then continuing under President Biden.

Since last week, when Trump disclosed that he had obtained an appeal bond from Chubb, the company has been facing criticism.

If Trump loses his appeal of the defamation judgment, Carroll will be able to demand payment from Chubb. However, she cannot currently collect on the damages she was awarded in the case.

In his letter on Wednesday, Greenberg stated that Chubb had safeguarded itself by mandating that Trump's bond, similar to any other bonds issued by the company, is "fully collateralized."

"If the bond is called, Chubb will take the intended collateral to make us whole," Greenberg wrote. "We do not typically support or subsidize defendants or take 'one for the team'."

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