Chubb shares jump after Buffett reveals stake acquisition
Chubb shares up 4.3% (Il Sole 24 Ore Radiocor) - New York, 16 May - Shares in Chubb jumped in early trade after Warren Buffett revealed in a regulatory filing his conglomerate Berkshire Hathaway had bought a stake in the insurer.
Berkshire owned 25.92 million shares in Chubb as of March 31, according to a regulatory filing laying out the conglomerate's US-listed holdings as of that date.
The property and casualty insurer has become Berkshire's ninth biggest holding.
At 1354 GMT Chubb shares were up 4.3%.
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(RADIOCOR) 16-05-24 16:07:26 (0530) 5 NNNN