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

‘I have never heard of nor seen an appeal bond of this size for a private company or individual,’ said an official from the Lockton Companies.
Major Broker Calls $464 Million Trump Bond a ‘Practical Impossibility’
Former President Donald Trump stands on stage during the 2024 National Religious Broadcasters International Christian Media Convention Presidential Forum at The Gaylord Opryland Resort and Convention Center in Nashville, Tenn. on February 22, 2024 Jon Cherry/Getty Images
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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.