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Warren Buffett's Berkshire Buys Up Chubb As Insurance Market Faces 'Trouble': A Bold Contrarian Bet?

Summary

Warren Buffett's Berkshire Hathaway bought 26 million shares of Chubb, causing the stock to soar 8.21%. This move reflects his contrarian approach and confidence in the company's long-term prospects amidst challenges in the insurance industry.

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Article published on May 16, 2024 by benzinga