Israel’s financial system shows “high resilience” despite the country’s military conflicts and ongoing geopolitical uncertainty that have persisted for more than a year, the Bank of Israel said in a report on Tuesday. The banking sector’s profits have been boosted …
Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the costliest since the start of …
Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter said. …
Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance Ministry said on Thursday. The guarantee framework will grant Israeli airlines insurance policies against …
Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM canceling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Airlines have faced warnings …
Activity at Israel’s ports is slowing after Saturday’s attacks by Islamist group Hamas on towns close to Gaza, with the cost of insurance premiums for Israeli shipments soaring amid tightening supplies of food stocks, according to sources and data. Israel’s …
Guy Carpenter, the reinsurance business of Marsh McLennan, announced it had completed its previously announced acquisition of Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction were not disclosed. With immediate effect Re Solutions has become …
Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later this quarter, were not disclosed. Founded in 2010, …
A consortium led by Abu Dhabi state holding firm ADQ are in advanced negotiations to acquire a controlling stake in Israeli financial firm Phoenix Group in a deal that values the company at around 9.2 billion shekels ($2.70 billion), the …
Insurance broker Willis Towers Watson announced it has signed a definitive agreement to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Financial terms of the deal were not disclosed. Leaderim is one of the top brokers in …
