Apparently having caught a lot of shit from other customers about the obviously corrupt deal that led his company into footing the $91 million bond for fat former President Trump’s appeal of the defamation verdict brought by rape victim EJ Carroll, Chubb CEO (and former Trump appointee) Evan Greenberg on Wednesday tried to calm them down with an explanation about why he did it.
“I am writing to you because I have been made aware of your concerns about the appeal bond the company’s surety division provided in the E Jean Carroll defamation suit against Donald Trump. I want to provide you the facts including the purpose of appeal bonds and why our company provides these bonds so you understand our actions. An appeal bond is an important, neutral mechanism in our justice system ensuring the defendants have access to the appellate courts, ie right to appeal, while guaranteeing the plaintiffs will receive any damages that were awarded and affirmed on appeal. When Chubb provides an appeal bond it has nothing to do with the underlying merits or with favoring any of the parties in the case. As the surety, we don’t take sides, 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,” Greenberg wrote in an open letter to pissed off clients.
“When Chubb issues an appeal bond, it isn’t making judgments about the claims, even when the claims involve alleged reprehensible conduct. We, like you, leave judgments to the courts and our bond serves the important purpose of facilitating the legal process, providing the certainty that courts and plaintiffs require after an adverse trial court decision. Importantly, in the bonding process, Chubb protects its own assets by requiring that a bond be fully collateralized. If the bond is called, then Chubb takes the collateral which is intended to make us whole,” he continued, washing his hands of any simple moral discretion he could’ve exercised and then skipping any mention of who exactly collateralized the bond and if they might be a corrupt and/or hostile foreign entity.