Chubb Stock Jumps After Buffett's Berkshire Hathaway Reveals $6.7B Stake

Key Takeaways Chubb (CB) shares climbed more than 8% in late trading Wednesday evening after a regulatory filing revealed that Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) has taken a sizeable stake in the Zurich-based insurer. According to the filing, Berkshire's stake of nearly 26 million shares in Chubb, one of the world's largest publicly traded property-casualty insurers, had a market value of around $6.7 billion as of March 31, making it the conglomerate's nineth largest holding. Rationale Behi ...