E. Jean Carroll leaves federal court in New York, Jan. 26, 2024, after a jury awarded her $83.3 million in a case against former President Donald Trump. The U.S.-based Federal Insurance Co., a subsidiary of global insurance giant Chubb, secured former President Donald Trump’s $91.6 million bond to cover the amount he owes writer E. Jean Carroll after a verdict in her defamation lawsuit.
Chubb has businesses in Russia, which accounted for a small portion of its revenue. Chubb decoupled from these businesses after Russia invaded Ukraine in 2022, a spokesperson said. after a verdict in a civil defamation case, which he is appealing. Chubb’s Russian operations had a net asset value of $40 million before Russia’s Ukraine invasion, making Russia among its smallest markets.
The U.S.-based Federal Insurance Co., a subsidiary of global insurance company Chubb, provided the bond. Chubb is headquartered in Zurich and operates in 54 countries and territories worldwide. Chubb has businesses in Russia, but after Russia invaded Ukraine, the company ceased managing or receiving revenue from them, a company spokesperson said.