Barclays Analyst: Chubb Is An Attractive Acquisition Candidate For Berkshire Hathaway

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Barclays analyst Jay Gelb wrote a research note Tuesday speculating that Chubb would be an attractive acquisition candidate for Warren Buffett’s Berkshire Hathaway.

We believe Chubb would make an attractive asset for Berkshire Hathaway both from a strategic and a financial perspective.

The note, which is speculation, follows an article in Barron’s mentioning a potential acquisition for Berkshire.

Gelb notes that Chubb would add a strong presence in primary property-casualty and high-end personal lines that doesn’t overlap with Berkshire’s existing business.

The largest barrier to a deal, in Gelb’s view, is the price that Chubb would require for such a deal.

Gelb notes that Buffett said during Berkshire Hathaway’s annual shareholder meeting in May that his company had the capacity to make a $30 billion acquisition.

Chubb has an office in Simsbury.

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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