Berkshire reveals US$6.72bil Chubb stake


Unexpected news: Buffett during an interview earlier this month. Berkshire also revealed that it had sold 115 million Apple shares in the first quarter. — AP

NEW YORK: Warren Buffett’s Berkshire Hathaway has revealed a new US$6.72bil stake in the insurer Chubb, confirming months of speculation that it had made a big new investment.

Berkshire owned 25.92 million Chubb shares as of March 31, according to a regulatory filing detailing Berkshire’s US-listed holdings as of that date.

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