Chubb CEO defends backing Trump appeal bond in E. Jean Carroll case

• The CEO of the Chubb insurance company defended a subsidiary providing 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.
• "As the surety, we don't take sides," CEO Evan Greenberg wrote. "It would be wrong for us to do so and we are in no way supporting the defendant."
• Greenberg was appointed by Trump as a member of the then-president's Advisory Committee for Trade Policy and Negotiations in October 2018.

The CEO of the Chubb insurance company on Wednesday defended providing former President Donald Trump with a $91.6 million appeal bond in the civil case where he was found liable for defaming writer E. Jean Carroll after she accused him of rape.

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."

Chubb has been under fire since Friday when Trump revealed he had obtained the appeal bond from the company.

If Trump loses his appeal of the defamation judgment, Carroll can demand payment from Chubb. But in the meantime, Carroll cannot collect on the $83.3 million in damages that a Manhattan federal