Not Supporting Trump By Underwriting $91.63M Appeal Bond In E Jean Carroll Case, Says Chubb CEO: 'We Don't Take Sides'
Portfolio Pulse from Benzinga Neuro
Chubb Ltd (NYSE:CB) CEO Evan Greenberg clarified that underwriting Donald Trump's $91.63M appeal bond in the E. Jean Carroll defamation lawsuit does not imply support for any party. The decision was based on supporting the rule of law, and the bond is fully collateralized. Trump's bond payment has raised concerns about national security and his ability to serve as president.
March 14, 2024 | 12:42 am
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Chubb Ltd's CEO Evan Greenberg stated the company's neutral stance in underwriting Trump's appeal bond, emphasizing support for the rule of law.
Chubb's involvement in underwriting Trump's appeal bond is a significant legal and public relations matter. However, the CEO's clarification of the company's neutral stance and emphasis on the rule of law may mitigate any potential negative impact on the company's reputation. The bond being fully collateralized also reduces financial risk. However, the public and investor reactions to this high-profile case could still influence Chubb's stock in the short term, albeit the CEO's statement aims to neutralize potential fallout.
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