Chavi Veler

Menora Mivtachim is one of the five leading insurance and financial groups in Israel, managing assets amounting to some NIS 472 billion ($155 billion). The group specializes in asset management, manages the country’s largest pension fund (New Mivtachim), and is the largest general insurer in Israel, as well as being the market leader in motor insurance. Through its subsidiaries, Menora Mivtachim is also active in all sectors related to life insurance, health insurance, long/mid/short-term savings, and the financial world – mutual fund management, financial portfolio management, underwriting, international real estate investments, and more. Menora Mivtachim was incorporated in Israel (during the British Mandate period) and began its operations in 1935, as an authorized representative of Lloyd's in Israel, and in 1939, as an insurance company. The group was acquired by the Fishel Frish family in 1963 and has remained under the family’s ownership ever since. In 1982, a public offering was held on the Tel Aviv Stock Exchange (Menora Mivtachim is currently included in the TA-35 and TA-125 indexes). In recent years, the group has expanded its operations and made several significant acquisitions in the fields of insurance, pensions, and the capital market. Over the years, Menora Mivtachim has gained a sterling reputation as a stable, trustworthy, well-established group that reliably provides its private and business customers with efficient professional service. The group's many achievements can be attributed to its exceptional investment management, which has achieved better-than-average yields since 1992 on behalf of its profit participating policies, as well as its diverse portfolio, which combines quality products, highly-skilled experts, effective service, and innovative solutions that meet customers’ evolving needs. Business Address: Ramat Gan, Israel Business Phone: *2000