Major Broker Calls $464 Million Trump Bond a ‘Practical Impossibility’

Published on March 18, 2024

Gary Giulietti, an executive with the largest privately held insurance brokerage firm in the world, said the bond required of former President Donald Trump is very rarely issued by surety companies, making it a “practical impossibility” to obtain. Mr. Giulietti, president of the Northeast region for the Lockton Companies, is one of four insurance brokers that Trump attorneys say have been retained to get the $464 million bond while he appeals his civil fraud verdict. New York Attorney General Letitia James has threatened to seize President Trump’s assets if he does not post that amount. In a March 15 affidavit filed on March 18, Mr. Giulietti stated that very few surety companies in the world could issue a bond that big, and they don’t do it for private individuals....

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