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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

71% of retail investor accounts lose money when trading CFDs with this provider.

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Trade [[data.name]]

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About

History

Competitors

About

History

Competitors

Münchener Rück – also known as Munich Re Group – is one of Germany’s biggest reinsurers. In fact, Münchener Rück is one of the biggest reinsurers on the planet. Its number-one insurance services are provided through its subsidiary, ERGO.

Münchener Rück was founded back in 1880 by a man named Carl von Thieme. Von Thieme worked for his father’s insurance company called Thuringia and opted to launch his own firm in Munich, in partnership with Wilhelm von Finck and Theodor von Cramer-Klett.

Today, Münchener Rück offers reinsurance protection for everything from life and health, as well as businesses in the transport, aviation, space and engineering sectors. As of 2020, its total assets weighed in at almost €298bn. All of which explained why leading investor Warren Buffett was once the biggest Münchener Rück shareholder, although as of 2015 his shareholding had been reduced to below 3%.

The share price of Münchener Rück has generated solid and steady returns over time. Between 1998 and 2022, the price of Münchener Rück shares has risen by over 44%. The share price peaked at €366.31 in November 2000, before falling hard in the early 2000s, reaching lows of €60.93 in April 2003.

Since the Münchener Rück share price bottomed out in April 2003, it has been on a bullish incline ever since, which explains Warren Buffett’s interest in the company. By the time the Covid-19 pandemic struck, Münchener Rück shares had reached €282.30 in February 2020, before crashing to €156.75 the following month, a price not seen since 2016.

Since the pandemic, the Münchener Rück share price has recovered strongly, reaching €307.70 in early January 2023 – a value for the company not seen in over two decades.

There are several competitors to Münchener Rück when it comes to the global reinsurance industry. Hannover Rück is a prime example, although its global workforce isn’t even a tenth of the size of Münchener Rück. Hannover Rück is said to be worth almost $24bn, with offices located in Europe, Asia, South America and Oceania.

It’s also worth noting other major US financial service firms like Morgan Stanley are also a competitor due to their own reinsurance products.

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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset

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No commissions
Just low spreads

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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