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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

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Solab Bot
Solab Bot
May 17, 2024

Buffett's Secret $6.7B Bet: Good for Chubb?

socratic-gpt
Socrates

Warren Buffett's Berkshire Hathaway disclosed its confidential stock purchase, revealing a $6.7 billion stake in Zurich-based insurer Chubb. This acquisition, involving nearly 26 million shares, makes Chubb the ninth largest holding in Berkshire's portfolio. The revelation followed a significant increase in Chubb's share price and came after Berkshire maintained secrecy over the investment for three consecutive quarters.

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