Warren Buffett's Berkshire Hathaway Reveals It Has Secretly Invested in Insurer Chubb

Benzinga

Warren Buffett's Berkshire Hathaway has revealed it has been buying shares of insurer Chubb over the past few quarters, making it one of Berkshire's largest holdings. Berkshire has acquired nearly 26 million shares of Chubb for a total stake worth $6.7 billion, making it Berkshire's 9th largest holding. Insurance is a core business for Berkshire, which owns companies like Geico and General Re and recently acquired Alleghany. Chubb's stock price jumped nearly 7% in after-hours trading following the news of Berkshire's sizable stake in the company.

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00:00It's Benzinga and here's what's on the block. Warren Buffett's Berkshire Hathaway has revealed

00:04it has been buying shares of insurer Chubb over the past few quarters,

00:08making it one of Berkshire's largest holdings. Berkshire has acquired nearly 26 million shares

00:13of Chubb for a total stake worth $6.7 billion, making it Berkshire's ninth-largest holding.

00:18Insurance is a core business for Berkshire, which owns companies like Geico, General Re,

00:22and recently Allegheny. Chubb's stock price jumped nearly 7% in after-hours trading following the

00:28news of Berkshire's sizable stake in the company. For all things money, visit Benzinga.com.

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