Warren Buffett’s Berkshire Hathaway Reveals Major Investment in Chubb Insurer
Warren Buffett’s Berkshire Hathaway quietly acquires nearly 26 million shares of insurer Chubb, sparking a surge in the stock price. Chubb now ranks as Berkshire’s ninth largest holding, with shares rising by almost 7% in after-hours trading. The revelation of this investment, kept confidential for multiple quarters, has generated speculation within the financial community.
Epic Insurance Appoints Jim Romanelli as Executive Vice President for Northeast Region
Epic Insurance appoints Jim Romanelli as executive vice president for the Northeast region, signaling their commitment to expanding their presence and operations in the area. With Romanelli’s extensive experience in the insurance industry, particularly in the retail property and casualty sector, the company aims to leverage his expertise to capitalize on opportunities and navigate the competitive landscape in the region. Romanelli will spearhead initiatives to enhance market penetration, cultivate client relationships, and drive business development, strengthening Epic Insurance’s position in the Northeast market.