Buffett's Berkshire Hathaway gains as insurance lifts first-quarter profit
and cash nears $200 billion
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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
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Buffett’s Berkshire Reveals $6.7 Billion Stake in Insurer Chubb
(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedS&P 500 Tops 5,300 in Record-Breaking Stock...
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Buffett's Berkshire Hathaway reveals $7B stake in Chubb
Shares of Chubb (CB) are jumping after a Berkshire Hathaway (BRK-A, BRK-B) regulatory filing revealed its 6.4% stake in the company. The last time Berkshire Hathaway did not immediately reveal the identity of a stock in its holdings was in 2020 with Chevron (CVX) and Verizon (VZ). Berkshire Hathaway is focused on the insurance industry, with GEICO being one of its largest holdings. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This...