Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new, $6.72 billion 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.
The disclosure sent Chubb’s share price to a record high in after-hours trading, rising 6.3% to $268.96.
Shares often rise when Berkshire reveals new holdings, reflecting what investors believe is Buffett’s seal of approval.
“Chubb is an attractive equity investment for Berkshire because it operates in a business Berkshire knows well: property-casualty insurance,” Cathy Seifert, a CFRA Research analyst who covers Berkshire, said in an email.
Seifert would not speculate whether Berkshire might buy all of Chubb, but said Chubb’s focus on commercial lines specialty coverage and high-end homeowners’ protection would be a “good fit” in Berkshire’s insurance and reinsurance portfolio.
Berkshire ended March with $189 billion of cash and equivalents.
At Berkshire’s annual meeting on May 4, Buffett said the cash stake could reach $200 billion by June, and that cash looked “quite attractive” relative to high-priced stocks and in light of “what’s going on in the world.” Chubb and Berkshire did not immediately respond to requests for comment.
Berkshire began buying Chubb in last year’s third quarter, and had obtained Securities and Exchange Commission permission to temporarily keep its purchases confidential.
Buffett occasionally requests such permission to keep investors from piggybacking on him before he’s done buying.
In recent years, Berkshire obtained similar SEC permission for its investment in Chevron and former investments in Exxon Mobil, IBM and Verizon.
The Chubb investment was revealed 10 days after Berkshire unexpectedly disclosed it had sold about 115 million Apple shares in the first quarter.
That reduced its holdings in the iPhone maker to $135.4 billion, or 40% of its $335.9 billion equity portfolio.
Apple accounted for most of the $20 billion in stock that Berkshire sold in the first quarter.
Berkshire also pared holdings of several other stocks, including Louisiana Pacific and Sirius XM, and exited its investment in computer maker HP. It bought just $2.7 billion of stocks in the quarter.
Wednesday’s filing does not identify which investments were made by Buffett or his portfolio managers Todd Combs and Ted Weschler.
Buffett, 93, has run Berkshire since 1965.
The conglomerate also owns dozens of businesses including the Geico car insurer, BNSF railroad, energy and industrial companies, and consumer brands such as Benjamin Moore, Dairy Queen, Duracell, Fruit of the Loom and See’s Candies.
With more than a thousand troops being killed or wounded every day, there’s no sign that Donald Trump’s push to end Russia’s war in Ukraine is reducing the battles on the ground.
Quite the opposite.
Ukraine‘s military chief says Vladimir Putin is instead using the US president‘s focus on peace negotiations as “cover” while Russian soldiers attempt to seize more land.
That means much greater pressure on the Ukrainian frontline, even as Russian and American, or American and Ukrainian, or Ukrainian and European, leaders shake hands and smile for cameras before retreating behind closed doors in Moscow, Alaska, and London.
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3:05
This was not an upbeat meeting of Ukraine and its allies
Putin’s not counting on peace
The lack of any indicators that the Kremlin is looking to slow its military machine down also makes the risk of war spreading beyond Ukraine’s borders increasingly likely.
It takes a huge amount of effort, time, and money to put a country on a war footing as Putin has done, partially mobilising his population, allocating huge portions of government spending to the military and realigning Russia’s vast industrial base to produce weapons and ammunition.
Image: Putin has been in India to shore up support from Narendra Modi. Pic: Reuters
But when the fighting stops, it requires almost as much focus and energy to switch a society back to a peace time rhythm.
Deliberately choosing not to dial defence down once the battles cease means a nation will continue to grow its armed forces and weapons stockpiles – a sure sign that it has no intention of being peaceful and is merely having a pause before going on the attack again.
The absence of any preparations by Moscow to slow the tempo of its military operations in Ukraine – where it has more than 710,000 troops deployed along a 780-mile frontline – is perhaps an indicator that Putin is anticipating more not less war.
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3:07
What is Putin trying to achieve in India?
How could the war end?
What happens next in Europe will depend on the content of any peace deal on Ukraine.
An all-out Russian defeat is all but impossible to conceive without a significant change of heart by the Trump White House and a massive increase in weapons and support.
The next best result for Ukraine would be a settlement that seeks to strike a fair balance between the warring sides and their conflicting objectives.
This could be done by pausing the fighting along the current line of contact before substantive peace talks then take place, with Ukraine’s sovereignty supported by solid security guarantees from Europe and the US.
But such a move would require Europe’s NATO allies, led by the UK, France and Germany, genuinely to switch their respective militaries and populations back to a wartime footing, with a credible readiness to go to war should Moscow attempt to test their support of Ukraine.
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6:47
Why Ukraine’s allies may welcome Trump walking away
Will Starmer level with the public?
That does not just mean increased spending on defence at a much faster rate – in the UK at least – than is currently planned. It is also about the mindset of a country and its willingness to take some pain.
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1:46
New UK military technology unveiled
Worst case scenario?
The other alternative when it comes to Ukraine is a scenario that sees a sidelined Europe unable to influence the outcome of the negotiations and Kyiv forced to agree to terms that favour Moscow.
This would include the surrender of land in the Donbas that is still under Ukrainian control.
Such a deal – even if tolerated by Ukraine, which is unimaginable without serious unrest – would likely only mean a temporary halt in hostilities until Putin or whoever succeeds him decides to try again to take the rest of Ukraine, or maybe even test NATO’s borders by moving against the Baltic States.
With Trump’s new national security strategy making clear the US would only intervene to defend Europe if such a move is in America’s interests, it is no longer certain that the guarantees contained in NATO’s founding Article 5 principle – that an attack on one member state is an attack on all – can be relied upon.
In the scenario, Washington does not come to Britain’s defences, which leaves the British side with very few options to respond short of a nuclear strike.
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A powerful earthquake struck off northern Japan, injuring 33 people and unleashing a tsunami.
The 7.5-magnitude quake struck at about 11.15pm local time, around 80 kilometers off the coast of Aomori prefecture.
Japan’s Fire and Disaster Management Agency said 33 people were injured, including one seriously, with most hurt by falling objects.
Image: A road is congested with cars heading for higher ground in Tomakomai City December 8, 2025 after a magnitude 7.6 earthquake. Pics: AP
A tsunami of 70cm was measured just south of Aomori, in Kuji port, Iwate prefecture, while levels of up to 50cm struck elsewhere in the region, the Japan Meteorological Agency said.
“I’ve never experienced such a big shaking,” said Nobuo Yamada, who owns a convenience store in Hachinohe, Aomori, in an interview with public broadcaster NHK.
Earlier on, the meteorological agency issued an alert for potential tsunami surges of up to 3m/10ft, with 90,000 residents ordered to evacuate.
Residents were urged by chief cabinet secretary Minoru Kihara to go to higher ground or seek shelter until advisories were lifted.
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Image: People sheltering today in Kamaishi Elementary School in Kamaishi City, Miyagi Prefecture. Pic: AP
He said about 800 homes were without electricity, and that the Shinkansen bullet trains and some local lines were suspended in parts of the region.
Some 480 residents took shelter at the Hachinohe Air Base, defence minister Shinjiro Koizumi said, with 18 defence helicopters mobilised for damage assessments.
While Satoshi Kato, vice principal of a public high school in the same town, encountered traffic jams and car accidents en-route to the school as panicked people tried to flee.
Japan has recent experience of the perils of earthquakes – one in 2011 unleashed a tsunami that killed some 20,000 people and triggered a nuclear meltdown at the Fukushima Daiichi Nuclear Power Plant.
Image: The earthquake warning off the coast of Aomori Prefecture, Japan. Pic: AP
Today’s quake caused about 450 litres of water to spill from a spent fuel cooling area at the Rokkasho fuel reprocessing plant in Aomori, the Nuclear Regulation Authority said.
But water levels remained within the normal range and there was no safety concern, the authority added.
The Israeli government has been accused of intimidation, harassment and a “blatant disregard” of its obligations by the United Nations after Israeli officials raided a UN building in Jerusalem.
Police officers, along with officials from the town council, entered the East Jerusalem compound of UNRWA, the UN agency that provides services to Palestinian refugees.
Having gained entry to the compound, the officials filled vehicles with possessions, including office furniture, and raised an Israeli flag in place of the United Nations flag.
They claimed that the building had been raided because UNRWA owed around hundreds of thousands of pounds worth of local taxes.
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However, under the UN charter, UN buildings are exempt from such taxes and are also considered “inviolable”, meaning that, rather than raiding the building, Israelhas an obligation to protect it.
Since its staff were told to leave, there have been attempts to break into the compound, which has been secured by a team of guards employed by the UN.
Sky News has been told that, when the Israeli officials arrived on Monday morning, the security guards were detained in a room within the compound.
“We didn’t let them in when they first came to the compound, but they cut the chains and the locks and took control,” said George, the head of security, who was standing outside the front gate when we arrived.
“They told my guards to stay in one room, took their phones from them, and told them they couldn’t leave.”
‘The false accusations led to this’
UNRWA’s commissioner-general, Philippe Lazzarini, said the raid was “a blatant disregard of Israel’s obligation as a United Nations Member State to protect and respect the inviolability of UN premises”.
He said that failing to cooperate with UN agencies “represent a new challenge to international law, one that creates a dangerous precedent anywhere else the UN is present across the world”.
His anger was not isolated. Outside the gates of the UNRWA compound, we met Hakam Shahwam, who used to work here as UNRWA’s chief of staff. It was, he said, “a very sad day”.
Shahwam says the claims that UNRWA was a breeding ground for Hamas had led to the raid.
He told me: “The false accusations led to this. This is a shameful day, not only for the United Nations but also for the government of Israel.
“There must be a strong protest, and a response from the international community. This is unacceptable.”
The Israeli government remains adamant that its criticism of UNRWA is justified.
When I asked Shosh Bedrosian, a spokesperson for Prime Minister Benjamin Netanyahu, about the raid, she said: “UNRWA is a stain on the United Nations.”
She added: “It is time for UNRWA to be dismantled. It is not part of the solution for Gaza, it is part of the problem.”
She did not comment on the legality of the raid, or on Israel’s ongoing commitment to the UN Charter.