Hannover Rueck, listed as HNRGn.DE, is a reinsurance company headquartered in Hannover, Germany. With a current market capitalization of €23.65 billion as of August 29th, 2023, it has established its presence as one of the leading players in the insurance industry.
The company was founded in 1966 and has since grown into a global powerhouse. Its founder, Wilhelm Bluhm, sought to provide reliable reinsurance solutions to clients worldwide. Over the years, it expanded its operations, offering a wide range of risk management services, including life, health, and property and casualty reinsurance.
In 1994, the company went public, marking a significant milestone in its history. Since then, Hannover Rueck has continued to thrive, strengthening its position through strategic partnerships, acquisitions, and a focus on innovation.
Within the past five years, Hannover Rueck (HNRGn.DE) stock has experienced fluctuations in price, with its lowest point reaching €98.25 in March 2020 and the highest point reaching €206.80 in June 2023. These fluctuations in price may be attributed to various factors such as the state of the economy, changes in the insurance industry, and company-specific news.
One of the trading strategies you may use is day trading, which involves opening and closing a position within a trading day. Another trading strategy to consider is swing trading, which involves holding a position for several days or weeks. Copy trading, position trading and scalping trading are also viable trading strategies that traders may consider using, it all depends on your trading goals and strategy. Traders may also consider using tools and indicators such as candlestick patterns, chart pattern, and pivot points, etc. to enhance their analysis.
If you're considering trading Hannover Re stock, it's essential to understand the company's position within the industry and its key competitors. Its competitors include but are not limited to:
- Muenchener Rueck (MUVGn.DE), commonly known as Munich Re, is a leading reinsurance company based in Germany. It is a key player in the insurance and financial services sector, providing risk management and underwriting solutions. With a strong market presence, Munich Re is recognized for its global reach and expertise in managing complex risks.
- SCOR SE (SCOR.PA) is a reinsurance company headquartered in France. It operates internationally and offers various reinsurance services to manage risks for its clients. SCOR is known for its focus on specialty insurance and reinsurance markets, covering areas such as life, health, and property and casualty insurance.
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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'.
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.