Reported about 1 month ago
Warren Buffett's Berkshire Hathaway has significantly increased its stake in Chubb, acquiring over 27 million shares due to its deep understanding of the insurance industry. Buffett appreciates Chubb's strong underwriting profitability, evidenced by a declining combined ratio, indicating its effective risk management. While some speculate Berkshire may pursue full ownership, investors should assess Chubb's investment potential against their portfolio needs.
Source: YAHOO