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#chubb — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #chubb, aggregated by home.social.

  1. ⬆️ >> Lots of #financial shenanigans afoot with #DFCInsurance they "already anticipated… because #Lloyds does call #ForceMajeure and the policies drop away…"

    This is a long, deep story along a global #fertilizer - #famine axis.

    The Architectural Fracture: How #Insurance, Not Missiles, Sealed #StraitOfHormuz

    #US response was financial rather than naval. #DFC announced a $20B reinsurance plan for #Gulf shipping and named #Chubb [check hashtag] as lead insurance partner

    shanakaanslemperera.substack.c

  2. ⬆️ >> Lots of #financial shenanigans afoot with #DFCInsurance they "already anticipated… because #Lloyds does call #ForceMajeure and the policies drop away…"

    This is a long, deep story along a global #fertilizer - #famine axis.

    The Architectural Fracture: How #Insurance, Not Missiles, Sealed #StraitOfHormuz

    #US response was financial rather than naval. #DFC announced a $20B reinsurance plan for #Gulf shipping and named #Chubb [check hashtag] as lead insurance partner

    shanakaanslemperera.substack.c

  3. ⬆️ >> Lots of #financial shenanigans afoot with #DFCInsurance they "already anticipated… because #Lloyds does call #ForceMajeure and the policies drop away…"

    This is a long, deep story along a global #fertilizer - #famine axis.

    The Architectural Fracture: How #Insurance, Not Missiles, Sealed #StraitOfHormuz

    #US response was financial rather than naval. #DFC announced a $20B reinsurance plan for #Gulf shipping and named #Chubb [check hashtag] as lead insurance partner

    shanakaanslemperera.substack.c

  4. europesays.com/ch/30302/ Bradley Chubb officially released; signs 3-year deal with AFC East rival #AFCEastNews #Chubb

  5. ⭕️Des militants de #People_Against_Genocide ont bloqué #Chubb à #Londres après que l'entreprise a commencé à assurer l'usine de moteurs de drones #d'Elbit_Systems, permettant ainsi au fabricant #Israélien de drones d'opérer au #Royaume-Uni.

  6. Aaron Rodgers, Baker Mayfield among those chasing bonus millions

    Aaron Rodgers could make more than his base salary in bonuses this season if he takes the Pittsburgh…
    #NFL #PittsburghSteelers #Pittsburgh #Steelers #18322887 #allen-keenan #bosa-joey #BuffaloBills #chubb-bradley #darnold-sam #espn #Football #LosAngelesChargers #mayfield-baker #MiamiDolphins #rodgers-aaron #samuel-deebo #SeattleSeahawks #TampaBayBuccaneers #WashingtonCommanders
    rawchili.com/nfl/632447/

  7. Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says

    Chubb was in talks but walked away from this loser.

    #Chubb #trump #bond #NY #Fraud

    cnbc.com/2024/03/19/chubb-ende

  8. Trump, Zuckerberg, Musk, Greenberg, Yass, TikTok—dozens of far-flung narratives are suddenly coming together as Trump seeks a new surety bond to avoid ruin. As we learn more about the Trump-Evan Greenberg alliance represented by Trump’s shocking $91.63 million bond deal with Greenberg’s Chubb, Trump’s plan to quickly secure a much larger bond is emerging."

    ~ Seth Abramson

    #Trump #Zuckerberg #Musk #Greenberg #Chubb #Yass #TikTok

    sethabramson.substack.com/p/br

  9. How might the bond company be linked to Russia? To Trump?

    In a pattern reminiscent of the Trump family, there is a father-son thing happening. However, neither Greenberg supported Trump directly in 2016 or 2020.

    Evan Greenberg (Evan), 68/69, is the president and CEO of Chubb Ltd (incorporated in Zürich, Switzerland).

    Federal Insurance Company (FIC), the company behind Trump’s surety bond, is a Chubb subsidiary.
    Evan orchestrated the ACE Insurance absorption of Chubb Insurance in 2016.

    Details below.

    Evan donated to the Hillary Clinton campaign in the 2016 election cycle, not Trump.
    However, in 2020, he donated almost exclusively to Republicans, but not Trump.

    Trump appointed Evan to the Advisory Committee for Trade Policy and Negotiations in late 2018.

    Although Chubb was one of the first major insurance conglomerates to “adopt limited” restrictions on insuring fossil fuel underwriting, it is one of the largest insurers of oil and gas projects.

    In 2020, Reuters reported that Chubb was insuring tar sands projects in Canada. In 2021, it withdrew from the Russian Nord Stream 2 pipeline due to U.S. government sanctions.

    Evan’s father is #Maurice#Hank#Greenberg (Maurice), 98, the former “combative” chairman and CEO of American International Group ( #AIG ), which was once a subsidiary of Starr Insurance Companies.

    Starr was founded in 1919 in Shanghai, China, by an American. Maurice has been chairman and chief executive officer of Starr since 1968. (Envision nested Russian dolls.)

    Maurice is notorious for extensive #fraud that happened at AIG under his direction.

    He paid $24,000,000 to the SEC (2009) and the state of New York (2017) for fraud that took place before 2005, the year he turned 80 and was kicked out of the CEO penthouse.

    Maurice has direct ties to Russian president Vladamir #Putin.

    In 2003, Vladimir Putin, the president of Russia, welcomed Maurice to Moscow. The purpose of the visit? To develop mortgage loans in Russia.

    In 2007, Maurice created a subsidiary, Starr Investments Russia, “to invest hundreds of millions in Russian real estate,” specifically “prime office space, residential housing and hotels.”

    Putin was the president of Russia.
    In the 2016 election cycle, Maurice donated $20,000 to Republican political action committees. According to the Washington Post, he gave more than $15,000,000 to #dark #money SuperPACs.

    He supported Jeb Bush. In the 2020 cycle, he supported no presidential candidate directly.

    There is no direct link between the surety bond company and Putin. There are links between projects, players, corporations.

    If FIC asked for 2%, Trump had to pony up only (only!) $18,400,000.

    Rather than his winning an appeal, I put money on Carroll winning another defamation suit.

    ♦️Who will pay his bills? ♦️

    That’s the national and domestic #security #issue.

    (3/3)

    #surety #bond #defamation #Carroll #Chubb #structured #prejudicial #Russia

  10. About That prejudicial bond agreement

    Trump’s lawyers and Chubb’s risk-averse managers initially wrote the $92,000,000 bond so that FIC would have 60 (sixty) days to pay up should Trump lose his appeal.

    As Jose Pagliery at the Daily Beast points out, that 60-day period gives someone approximately $3 million, assuming the $92 million “were invested in the S&P 500 stock market index during a similar time period at the start of the year.”

    Tom Gober, a forensic accountant and certified fraud examiner, told Pagliery:

    Knowing all of the public record being what it is on Trump’s false statements and times he hasn’t paid his bills, all of that… I’m sure the surety company would like as much time as they can justify. Plus … [t]hey earn interest on that money before they have to pay it out.

    Carroll has a damn good attorney, Roberta Kaplan. Kaplan saw the odd language in the bond.

    On Monday, she alerted U.S. District Judge Lewis Kaplan… And in a sign of just how interested he is, the judge immediately responded in a handwritten note scribbled over her letter to the court.

    “The parties shall submit revised documentation promptly,” the judge wrote back.

    Both 30-day provisions now read 15 days.

    (2/3)
    #surety #bond #defamation #Carroll #Chubb #structured #prejudicial #Russia

  11. Trump’s surety bond yields ongoing intrigue, remains a national security issue

    News organizations, as well as TMV, reported last week that Donald Trump had posted a $92,000,000 #surety #bond in order to appeal the judgment that led from his assualt and #defamation of E. Jean #Carroll.

    The superficial report was this:
    Federal Insurance Company (FIC), a division of the insurance conglomerate #Chubb Ltd., wrote the bond, gambled that Trump is good for the money.

    There were some things missing in that just-get-it-out reporting.

    Unfortunately, the
    👉questions seem to live only in alternative media, not the Wall Street Journal or New York Times.

    One of those things: an oddly #structured bond agreement, one #prejudicial to Carroll.

    Another: #Russia. (Don’t act surprised.)

    (1/3)
    themoderatevoice.com/trumps-su

  12. Might be interesting if a whole lotta folks each buy one share of #Chubb, then file a class action suit against the CEO for backing #Trump and posting his $91MM bond. What a slap in the face to Chubb shareholders. #Fiduciary #negligence.

    google.com/gasearch?q=chubb%20

  13. Who posted the $91 million bond for Trump?

    "Evan Greenberg’s ACE Insurance, which became Chubb in 2016, “does business” with his onetime Russian-bank-owning father’s Russia investment vehicle Starr International.

    Greenberg’s father
    —and longtime boss at AIG
    —Maurice Greenberg, is a Vladimir Putin business associate who has also associated, as discussed in detail below, with Russian spies, other Kremlin agents, and the 2016 Trump presidential campaign.

    If these entanglements continue to exist in 2024 it is highly likely that in fact Evan Greenberg’s company’s business interests are entwined, through his still-living father, with Russian government-owned entities.
    - Seth Abramson

    Click on a person for more details
    embed.kumu.io/5ea48dfd450eb9ce
    #Evan #Greenberg #Chubb #Putin #spies #agents #Trump

  14. Experts Said for Weeks That Trump Might Get Bonded By Kremlin Allies.

    Now It Appears It’s Happening
    —Causing a National Security Crisis
    —So Why Is Media So Silent About the Greenberg Family?

    The biggest national security crisis since the Trump administration is being ignored by media
    —which instead hails a historically suspicious, still unapproved 91 million dollar bond proposal by Trump as a legal victory.

    New research into old business articles reveal that #Evan #Greenberg’s ACE Insurance, which became #Chubb in 2016,
    “does business” with his onetime Russian-bank-owning father’s Russia investment vehicle Starr International.

    Greenberg’s father
    —and longtime boss at AIG
    —Maurice Greenberg, is a Vladimir #Putin business associate who has also associated, as discussed in detail below, with Russian #spies, other Kremlin #agents, and the 2016 #Trump presidential campaign.

    If these entanglements continue to exist in 2024, it is highly likely that in fact Evan Greenberg’s company’s business interests are entwined, through his still-living father, with Russian government-owned entities."

    thedemlabs.org/2024/03/11/chub

  15. In 2021, the Boston Globe editorial board asked: “♦️Who owns the president?♦️”

    It’s a reasonable question. We didn’t know the answer then. We still don’t.

    Three years later, we have more than a half-billion reasons to ask that question.

    Were he to be re-elected, his legal #debts would be a #national #security issue as well as a domestic one.

    On Friday, Donald #Trump posted an $92,000,000 #bond, a promise to pay (with interest) writer E. Jean Carroll, who won her defamation case against Trump last year.
    Trump also still owes Carroll $5 million award for her original defamation lawsuit.

    Federal Insurance Company, a division of the insurance conglomerate #Chubb Ltd., is managing Friday’s bond. 🔸That’s all we know.🔸

    👉Trump’s court filing didn’t provide details on how he financed the $91.6 million bond. Nor did Chubb, which said, “as a matter of policy, we do not comment on client-specific information.”

    The standard premium for appeal bonds is 2%, according to people familiar with the business. At that rate, Trump’s bond would have cost him $1.8 million, unless he negotiated a better rate.
    Absent a fire sale of his trophy properties, or a sudden infusion of funds from an angel investor, Trump would most likely have to pledge some of his real estate assets as collateral for his next appeal bond.
    And if those properties are encumbered in any way with mortgages or loans, the surety underwriter would have to devise a way to put the bond in a priority position.

    Then there’s the issue of Trump himself, who has a checkered past when it comes to paying off debts (emphasis added)…
    💥Does Trump have a relationship with the Chubb CEO? Is this bond a quid-pro-quo?💥
    In 2018, Trump appointed Chubb’s CEO Evan Greenberg to a White House advisory committee for trade policy and negotiations.

    According to Andrew Weissmann, former general counsel for the FBI:
    👉[The] issue of who is actually behind [Trump’s bond] is something that people who are voting should know… who is the candidate beholden to? Is [Trump] going to be making policy and being differential to people who have put up money (emphasis added)?
    #followthemoney

    themoderatevoice.com/follow-th

  16. The $91.63 million #Trump posted in the E Jean #Carroll settlement includes the full $83.3 million judgment, along with a 9% statutory interest the State of New York tacks onto surety bonds.

    That money has been set aside in a court-managed account to be paid to Carroll in the event Trump loses his appeal.

    The ex-president's #bond was guaranteed by the Federal Insurance Company
    — a New York-based subsidiary of the company #Chubb Group LLC, which is headquartered in Switzerland.

    In 2018, Chubb #CEO #Evan #Greenberg served on a trade advisory committee in the Trump White House.

    The Washington Post reported that "it was not clear from court records what collateral Trump presented to obtain the bond from Chubb."

    alternet.org/national-security

  17. "#Chubb, the world's biggest property and casualty #insurer, said it would from now on provide coverage for #oil and #gas extraction projects only to clients that proved they had plans to reduce #methane #emissions."

    Insurers are driven by actuarial analysis (that is, the bottom line). The conclusion of this must have been that insurance payouts will be a lot lower if you curb #climate pollution.

    reuters.com/business/sustainab

  18. Insurer Chubb Demands Energy Producers Cut Methane Emissions for Coverage

    Global insurer #Chubb Ltd. is tightening its #requirements on #insurance #policies for oil-and- gas producers, demanding that they #reduce #emissions of #methane, a potent #greenhouse #gas.

    Chubb, which is a top-10 insurer in the worldwide oil-and-gas market by premium volume, will also #stop #underwriting projects in areas designated as #protected by state, provincial or national governments, effective immediately.

    The company has been under pressure from climate activists, who have targeted banks and insurers to cut off funding and insurance coverage for fossil-fuel companies. Chubb’s actions fall short of their demands to quit sales to oil and gas producers.

    Chubb Chief Executive Evan Greenberg said in an interview that the carrier’s move wasn’t motivated by activists’ pressure. The insurer’s plan is a “science-based and technical way” to help with carbon reduction, he said.

    As an underwriter, Chubb will be able to verify that clients are taking the required steps. “If not, then we won’t underwrite them,” he said

    wsj.com/articles/insurer-chubb