Company type | Public |
---|---|
Founded | 1935 |
Headquarters | , |
Website |
www![]() |
Menora Mivtachim is an Israeli insurance company that is publicly traded on the Tel Aviv Stock Exchange. [1]
The company was founded in 1935 as General Liability Office and changed its name to Menora Mivtachim Holdings in 2006. [2] It is headquartered in Tel Aviv, [2] and its products include "life assurance, health insurance, car insurance, business insurance and personal insurance." [3] In January 2018, it was described by The New York Times as "one of Israel's largest financial institutions." [4]
In 2009, The Israeli Ministry of Finance led a probe into Menora Mivtachim funds. In 2010, the company was fined $3.9 million (2010 USD) for issuing loans without requisite securities. [1] [2] Menora cooperated with the investigation and addressed the issues that surfaced.
In 2017, Menora Mivtachim invested "roughly $30 million" in Kushner Companies, [4] which was spent on "a Maryland development." [5] The company also invested $60 million together with Canadian Solar Inc., to develop solar power projects in Israel. [3] [4]
In 2018, Menora Mivtachim joined the strategic team behind IBM's Alpha Zone startup accelerator [5] that focuses on post Seed & Round A funded companies in the fields of Retail, Healthcare, Transport, Energy, Telco and Media. [6]
Menora Mivtachim holds 4% in Wix, after initially investing in 2017 and increasing their investment dramatically in 2018. [7]
Shortly before, his family real estate company received a roughly $30 million investment from Menora Mivtachim, an insurer that is one of Israel's largest financial institutions, according to a Menora executive.
According to the report, the funds were directed into a Maryland development.
Company type | Public |
---|---|
Founded | 1935 |
Headquarters | , |
Website |
www![]() |
Menora Mivtachim is an Israeli insurance company that is publicly traded on the Tel Aviv Stock Exchange. [1]
The company was founded in 1935 as General Liability Office and changed its name to Menora Mivtachim Holdings in 2006. [2] It is headquartered in Tel Aviv, [2] and its products include "life assurance, health insurance, car insurance, business insurance and personal insurance." [3] In January 2018, it was described by The New York Times as "one of Israel's largest financial institutions." [4]
In 2009, The Israeli Ministry of Finance led a probe into Menora Mivtachim funds. In 2010, the company was fined $3.9 million (2010 USD) for issuing loans without requisite securities. [1] [2] Menora cooperated with the investigation and addressed the issues that surfaced.
In 2017, Menora Mivtachim invested "roughly $30 million" in Kushner Companies, [4] which was spent on "a Maryland development." [5] The company also invested $60 million together with Canadian Solar Inc., to develop solar power projects in Israel. [3] [4]
In 2018, Menora Mivtachim joined the strategic team behind IBM's Alpha Zone startup accelerator [5] that focuses on post Seed & Round A funded companies in the fields of Retail, Healthcare, Transport, Energy, Telco and Media. [6]
Menora Mivtachim holds 4% in Wix, after initially investing in 2017 and increasing their investment dramatically in 2018. [7]
Shortly before, his family real estate company received a roughly $30 million investment from Menora Mivtachim, an insurer that is one of Israel's largest financial institutions, according to a Menora executive.
According to the report, the funds were directed into a Maryland development.