Berkshire Hathaway stake in the insurance company Chubb

Warren Buffett’s Berkshire Hathaway bought a significant stake in Chubb, an insurance company last year, which has recently been revealed.

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The stake is worth around $6.7 bn with 26 million shares.

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Chubb has a presence in 54 countries. It has also done underwriting President Donald Trump’s appeal bond for a defamation lawsuit against E. Jean Carroll worth $92 mn.

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Chubb shares surged nearly 7% in extended trading after news of Berkshire acquiring a stake. The stock has risen approximately 12% year-to-date.

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Chubb is not the only insurance company in Warren Buffet’s portfolio. Other names include Geico, National Indemnity, and General Re.

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Berkshire Hathaway stake in the insurance company Chubb

Warren Buffett’s Berkshire Hathaway bought a significant stake in Chubb, an insurance company last year, which has recently been revealed.

Stake in Chubb

The stake is worth around $6.7 bn with 26 million shares.

Details on the deal

Chubb has a presence in 54 countries. It has also done underwriting President Donald Trump’s appeal bond for a defamation lawsuit against E. Jean Carroll worth $92 mn.

About Chubb

Chubb shares surged nearly 7% in extended trading after news of Berkshire acquiring a stake. The stock has risen approximately 12% year-to-date.

Rise in Share Price

Chubb is not the only insurance company in Warren Buffet’s portfolio. Other names include Geico, National Indemnity, and General Re.

Insurance company portfolio

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