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MUENCH.RUECKVERS.VNA O.N. (MUV2)
VINK.NAMENS-AKTIEN O.N.Open
€419
Previous close
€418.5
Trade high
€436.4
Volume
521,614
Year high
€454.10
Year low
€318.80
Dividend yield
2.77%
Market capitalisation
€58.55 bn
P/E ratio
12.44
ISIN
DE0008430026
This share can be held in a Dealing accountISALifetime ISAJISASIPP
Share price
Company profile
Munich Re was founded in 1880 by Carl von Thieme amid a flurry of other reinsurance companies set up independent of primaries. In those days, most reinsurers typically focussed on a few customers with strong reputations. Thieme focused ona broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After von Thieme and Wilhelm von Finck founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection services, remains at the heart of the firm.
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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