1

Harel Group

#2667

Rank

$5.97B

Marketcap

IL Israel

Country

Harel Group
Leadership team

Mr. Michel Siboni (Chief Exec. Officer)

Mr. Sami Babecov (VP & Director of Investments)

Mr. Alon Eliraz (Deputy CEO of Harel Insurance & Mang. of Health and Life Insurance Division of Harel Insurance)

Products/ Services
Financial Services, Insurance, Personal Finance
Number of Employees
1,000 - 20,000
Headquarters
Tel Aviv, Tel Aviv, Israel
Established
1935
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
HARL.TA
Overview
Location
Summary
Harel Insurance Investments & Financial Services Ltd offers insurance and financial services in Israel, the United States, and Western Europe. The company operates through five segments: Life Assurance and Long-Term Savings, Health Insurance, Non-life insurance, Insurance Companies Overseas, and Capital Market and Financial Services. It offers various classes of life insurance products, which provide coverage for risks, such as death, disability, work disability, and critical illness; and long-term saving products, as well as manages pension and provident funds. The company also provides health insurance that provides coverage for illness and hospitalization, and personal accident; travel insurance, insurance for foreign workers, and insurance for tourists; and dental insurance for conservative, periodontal, orthodontic, and oral rehabilitation treatments. In addition, it offers motor property insurance; professional liability insurance for investment consultants, portfolio managers, attorneys, engineers, architects, and accountants; insurance for clinical trials; directors and officers liability insurance; liability insurance for defective products; cyber insurance; third-party liability insurance; employers' liability insurance; and credit insurance for mortgages. Further, it provides fire and theft, homeowners, terrorism, cash in transit, goods in transit, electronic equipment, agricultural, mechanical engineering equipment, mechanical failure, and homebuyers insurance products as well as insurance for building work and various projects by contractors. Additionally, it manages mutual funds and investment portfolios; and offers certificates of deposit and private equity funds. The company was founded in 1933 and is based in Ramat Gan, Israel.
History

In 1935, Ernst and Margot Hamburger, German Jews who moved to Tel Aviv at the time of the British Mandate of Palestine founded HaMishmar, a small insurance agency.

In 1975, the family established their first insurance company "Harel". In 1982 Harel Insurance and Finances , was established and the ownership of Harel and Hamishmar were transferred to its ownership. The same year, the company had an initial public offering on the Tel Aviv Stock Exchange.During the 1980s and 1990s the company acquired a number of other insurance companies in Israel and consolidated its position to become Israel's third largest insurance group. During the 2000s the company expanded its activities and entered the pension and mutual funds markets.In 2007, the name of the company was changed to "Harel Insurance Investments and Financial Services Ltd.".

In 2008 Harel Group established the Israel Infrastructure Fund together with Yehuda Raveh and Yaron Kestenbaum, which invests in and manages infrastructure projects in the fields of water, energy and transportation .In December 2009 Harel acquired EMI, an Israeli mortgage unit of AIG – American International Group for $35.5m.

Mission
Harel Group aims to ensure financial security for customers by offering them financial products and services that meet their individual needs. We strive to provide efficient, quality service, maintain a strong and reliable presence in the markets we serve, and be a respected leader in our sector.
Vision
Harel Group’s vision is to be the leader in Israeli financial services and become an international provider of financial services. We will enable customers to achieve their long-term financial objectives, by offering a comprehensive suite of products that meet their individual needs.
Key Team

Mr. Nir Cohen (Chief Exec. Officer of Harel Insurance Company Ltd)

Mr. Aryhe Yaakov Peretz CPA (CFO, Deputy CEO of Harel Insurance, Exec. VP & Head of Fin. and Resources)

Ms. Nataly Mishan-Zakai (Gen. Counsel & Deputy CEO of Harel Insurance)

Mr. Sammy Bassat (Deputy CEO & Mang. of Investments Division of Harel Insurance)

Mr. Uri Schor (CEO of Harel Financial Products Ltd, CEO of Harel Sal Ltd and CEO of Harel Sal Currencies Ltd)

Mr. Tal Kedem (Chief Exec. Officer of Harel Fin. Holdings Ltd.)

Recognition and Awards
Harel Group has received numerous awards over the years, including the Israel Insurance Commission’s award for excellence in customer service, the Excellence in Financial Services Award from the Bank of Israel, and the Outstanding Achievement in Insurance Award from the Israeli Insurance Supervisory Authority.
References

Dive deeper into fresh insights across Business, Industry Leaders and Influencers, Organizations, Education, and Investors for a comprehensive view.

Harel Group
Leadership team

Mr. Michel Siboni (Chief Exec. Officer)

Mr. Sami Babecov (VP & Director of Investments)

Mr. Alon Eliraz (Deputy CEO of Harel Insurance & Mang. of Health and Life Insurance Division of Harel Insurance)

Products/ Services
Financial Services, Insurance, Personal Finance
Number of Employees
1,000 - 20,000
Headquarters
Tel Aviv, Tel Aviv, Israel
Established
1935
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
HARL.TA