Originally, this insurance company was known as ACE Group. It's very old. In 2016, it bought Chubb Group, and renamed itself to that brand. So, all of Chubb Group is the originally referenced ACE.
This international company is everywhere. Federal Insurance Company is a wholly-owned subsidiary of Chubb. FIC is the identified company that is acting as the insurer. This company is limited to the United States.
Chubb Group does have a company called CJSC ACE Insurance Co. Russia which is a wholly-owned subsidiary of Chubb Group.
This company is not on the list of sanctioned companies that the US sanctioned or restricted due to the Ukraine war. All of the companies (the list is amazingly long) are subsidiaries of the main banks (several) that are on the sanctions list. If tRump got money from Russia, it would have to be through a tunnel through Federal Insurance Company, which I don't think exists, unless it can be transmitted through transfer due to them not being on the sanctions list. I think they're clean.
The only consideration is whether the actual war will cause complete sanctions on every Russian company that has ties to the US. I think, in that case, that Chubb Group would simply shut down any open accounts, and no other branch of Chubb would be affected.
I don't think that Trump will win any appeal. Perhaps the way to look at it is, Carroll may be guaranteed a pay out at the end. I want her to get paid, and I want her to seize assets, but I guess you can't have everything. Trump would have looked really bad if his buildings were attached during his campaign.
Still, it seems strange. Maybe he just traded on his former association with Chubb. It will be interesting to see what happens with the fraud case judgment.
= new reply since forum marked as read
